GT Advanced Wants to Keep Issues With Apple Secret
10/09/14
GT Advanced Technologies , the sapphire supplier that filed for bankruptcy protection Monday, wants to keep what went wrong between it and Apple Inc. behind closed doors.
Why?
According to GT, there’s a risk it will have to pay $50 million damages “under certain confidentiality agreements involving a third party, which agreements themselves are required to be kept confidential.”
Read the motion here.
It was filed in the early morning hours Thursday, as GT Advanced prepares for its first appearance before a judge in U.S. Bankruptcy Court in New Hampshire.
[more]- Feeds Categories:
