The Daily Docket: GT Advanced Wins Approval of Settlement With Apple

12/16/14
The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, California, in this Sept. 9, 2014 file photo. REUTERS/Stephen Lam/Files (UNITED STATES – Tags: BUSINESS SCIENCE TECHNOLOGY)
Reuters

GT Advanced Technologies Inc . on Monday won bankruptcy court approval of a settlement with Apple Inc. that wards off the threat of litigation over a failed effort to produce large quantities of scratch- and shatter-resistant smartphone screen materials. 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.”)

The bankruptcy trustee winding down Lehman Brothers’ brokerage business on Monday said he would ask the U.S. Supreme Court to review a ruling that awarded billions of dollars in disputed assets to Barclays PLC , DBR reports in WSJ.

RadioShack Corp. hired an advisory firm, complete with interim chief financial officer, WSJ reports.

According to the Detroit News, Detroit’s bankruptcy judge is asking for final bills from the city’s legal team and consultants.

Caesars Entertainment Corp. is skipping a $225 million interest payment to junior creditors, Bloomberg reports.

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

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