The Daily Docket: GT Advanced Signs Deal With Apple for ‘Amicable’ S...

10/22/14
The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, Calif., in this file picture taken Sept. 9, 2014.
Stephen Lam

GT Advanced Technologies has signed a pact with Apple Inc. for an “amicable parting of the ways,” Luc Despins, attorney for the bankrupt supplier to the technology giant, said Tuesday in the U.S. Bankruptcy Court in New Hampshire. 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.”)

Federal highway officials are demanding that Trinity Industries Inc. conduct new crash tests for its ET-Plus guardrail system following arecord-setting jury verdict in a lawsuit that questioned the product’s safety. Read the DBR article in WSJ.

The Detroit Free Press reports that some hedge funds that bought $750 million in distressed debt from Detroit are expected to withdraw objections to Detroit’s bankruptcy plan.

According to Bloomberg, a judge delayed Energy Future Holdings Corp.’s first round of bidding because he still wants to hear creditors’ views.

Six Flags Entertainment Corp.’s revenue rose in the third quarter because of higher admission prices and attendance improvements, WSJ reports.

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

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