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Apple's sapphire supplier falls under SEC microscope

Gregg Keizer | Nov. 10, 2014
Federal agency looking at GT Advanced Technologies' trading activity.

Squiller, who made more than $2 million on sales of company stock, conducted his last pre-bankruptcy transaction on Sept. 2.

Apple and GT have signed an agreement that will release GT from all contracts with Apple. In return, Apple will be allowed to recoup the $439 million it had already given GT through GT's sales of sapphire-producing furnaces over the next four years.

The settlement awaits court approval.

 

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