Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Sapphire supplier settles dispute with Apple rather than face $1B in claims from Cupertino

Gregg Keizer | Oct. 30, 2014
GT Advanced Technologies files settlement with bankruptcy court because litigation against Apple would be 'challenging and expensive'.

Apple may have simply not wanted the bother, or more likely, the possibility that its business dealings with GT would become more public than they already have.

As part of the settlement, GT will file a motion to expunge the documents it filed earlier this month that spelled out how and why the company collapsed. Those documents have remained sealed by the court, and Apple has moved to block any public disclosure of GT's explanation, so they are obviously of concern to Apple. Copies of the document are also to be destroyed, with some exceptions.

Instead, GT filed a replacement of sorts on Monday. Although the substitute declaration remained critical of Apple, it did not go into specifics.

The GT-Apple settlement awaits court approval, which could come at some point after a hearing scheduled for Nov. 25.


Previous Page  1  2 

Sign up for CIO Asia eNewsletters.