The Daily Docket: GT Will Wind Down Arizona, Massachusetts Locations

GT Advanced Technologies Inc. and Apple Inc. announced Thursday they reached an agreement on terms for the wind-down of sapphire-materials production in GT’s Mesa, Ariz., and Salem, Mass., locations. 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.”)

Ex-Texas billionaire Sam Wyly’s sister-in-law Caroline Wyly, the widow of investor Charles Wyly, filed for bankruptcy owing $101.2 million to the Securities and Exchange Commission, Bloomberg reports.

A U.S. District Court judge said she’d temporarily freeze ex-Texas billionaire Sam Wyly’s assets, Reuters reports.

According to the Associated Press, investor Carl Icahn said the Trump Taj Mahal casino “will almost certainly close.”

Beauty brand Carol’s Daughter will be acquired by L’Oréal SA’s U.S. subsidiary, the companies announced this week, about a month after Carol’s Daughter’s retail arm exited Chapter 11 bankruptcy. Read the DBR article in WSJ.

DealBook reports on Standard General, a hedge fund that could be the salvation of struggling retailers RadioShack Corp. and American Apparel Inc.

Corporate Intelligence reports that Sears Holdings Corp., which is in distress, is closing more than 100 stores and laying off at least 5.457 people.

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