The Daily Docket: GT Advanced Halts Confidentiality Hearing

10/16/14
The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, California, in this file picture taken Sept. 9, 2014.
Reuters

Apple Inc. supplier GT Advanced Technologies Inc. has delayed a challenge to a court order cloaking information about the troubles believed to be responsible for the sapphire producer’s bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

A new class-action lawsuit against General Motors Co. seeks more than $10 billion in compensation for losses on 27 million cars, Bloomberg reports.

Brazilian businessman Eike Batista’s main mining unit, MMX Mineracao & Metalicos SA filed for bankruptcy, Bloomberg reports.

Detroit’s settled with holdout creditor Financial Guranty Insurance Co., Bloomberg reports.

Lawyers handling the disposition of the former holding company of Washington Mutual Bank are suing more than a dozen ex-directors and officers, including ex-Chief Executive Kerry Killinger, over a $500 million transfer of bank holding company’s money during the financial panic of September 2008, DBR reports in WSJ.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.

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