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Apple and sapphire supplier strike deal to end partnership

Gregg Keizer | Oct. 24, 2014
GT Advanced Technologies and Apple have agreed to a deal that will let GT close the Mesa, Ariz. and Salem, Mass. factories where it was producing scratch-resistant sapphire, and void the contracts it had signed with its one-time partner.

The only exception to the be-nice clause was for disclosures or statements "made pursuant to any subpoena or order of court."

But the facts may eventually come to light. On Tuesday, U.S. Bankruptcy Judge Henry Boroff, who oversees the case, said Dow Jones — the parent company of the Wall Street Journal and Barron's — could file a motion to intervene in the case. Dow Jones has argued that the public right to know outweighs Apple's desire to keep its business practices secret.

GT is expected to file the settlement agreement with the court on Monday. The next hearing on the court's docket is for Oct. 30.

 

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