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GT Advanced Technologies, Inc.

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Case overview

Case Number:

1:14-bk-11916

Court:

New Hampshire

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. July 08, 2016

    GTAT Trustee Wants To Query Execs Over Apple Contracts

    The litigation trustee of reorganized GT Advanced Technologies Inc. filed a request in New Hampshire bankruptcy court on Friday to interview two former executives about a sapphire production deal with Apple Inc. that bankrupted the company.

  2. March 09, 2016

    Former Apple Supplier GTAT Gets Nod On Ch. 11 Plan

    GT Advanced Technologies on Tuesday received court approval for its Chapter 11 restructuring plan, paving the way for the company to exit bankruptcy after a messy business pact with Apple Inc. drove the manufacturer to seek protection in 2014.

  3. February 29, 2016

    Ch. 11 Watchdog Calls GTAT Releases 'Extraordinary'

    A government watchdog is challenging GT Advanced Technologies' restructuring plan, saying Friday that the plan conflicts with jurisprudence on Chapter 11 liability releases because it would provide legal cover for an "extraordinary number of third parties."

  4. February 24, 2016

    Bankrupt GTAT Eyes $3.6M Sale Of Solar Business

    GT Advanced Technologies Inc. said Tuesday it was not in a position to make money off its solar power business, asking a bankruptcy court to approve the assets' sale to an affiliate of private equity firm Shah Capital Partners' for $3.6 million.

  5. December 02, 2015

    Apple, GTAT Supply Contract Settlement OK'd By Judge

    A New Hampshire bankruptcy judge on Wednesday approved GT Advanced Technologies' settlement with Apple Inc. over a failed supply contract, which the debtor says extinguishes a $439 million secured claim against the estate and represents an important step in its quest to exit Chapter 11.

  6. December 01, 2015

    GTAT Creditors Fight Exit Financing Plan, Seek Alternative

    Unsecured creditors of GT Advanced Technologies Inc. launched a challenge Tuesday in New Hampshire to the debtor's $80 million exit financing plan, saying a superior plan that would give creditors the option of bringing litigation against the company's leaders has been offered by investment manager Oaktree Capital.

  7. November 30, 2015

    GTAT Secures $80M Financing Plan For Ch. 11 Exit

    GT Advanced Technologies said on Sunday that it has secured an $80 million financing package from its creditors that will allow the embattled manufacturer to exit Chapter 11 and also includes a settlement proposal that would resolve creditor disputes.

  8. November 20, 2015

    GTAT Gets Nod For Sapphire Furnace Auction

    A New Hampshire bankruptcy judge on Friday approved GT Advanced Technologies Inc.'s plans to auction off sapphire furnaces in its Mesa, Arizona, facility, a key part of a proposed settlement that would extinguish Apple Inc.'s $439 million secured claim against the bankrupt manufacturer.

  9. November 18, 2015

    GTAT Gets Breathing Room To File Ch. 11 Plan

    A New Hampshire bankruptcy judge on Wednesday gave GT Advanced Technologies Inc. additional breathing room for filing a plan to restructure the business, a decision that GTAT said should allow it to finish securing financing to fund its plan for emerging from Chapter 11.

  10. November 03, 2015

    GTAT Strikes New Deal With Apple To Extinguish $439M Claim

    GT Advanced Technologies Inc. said Monday that it has struck a settlement with Apple over the bankrupt manufacturer's sapphire processing plant in Mesa, Arizona, that extinguishes a $439 million secured claim against the debtor and averts potential litigation between the parties.

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