GT Advanced Technologies Inc. Bankruptcy New Filing Alert: Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On June 26, 2015, a motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of GT Advanced Technologies Inc. and its affiliates.

The filing was assigned docket number 1970 and is described on the court’s official docket as follows:

Motion to Approve /GT Hong Kong’s Motion for Order, Pursuant to Bankruptcy Code Sections 363(b) and 503(c)(3), Approving Supplemental Severance Payments to Its Non-Insider Employees Filed by Debtor GT Advanced Technologies Limited Hearing scheduled for 7/16/2015 at 10:00 AM at Berkshire Courtroom, United States Courthouse, 300 State Street, 3rd Floor, Springfield, MA. (Attachments: # 1 Exhibit A – Proposed Order # 2 Notice of Hearing) (Bongartz, G.) (Entered: 06/26/2015)

GT Advanced Technologies Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 6, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Hampshire. The case number for the lead bankruptcy case is 14-11916. The bankruptcy case is currently assigned to United States Bankruptcy Judge Henry Boroff. The law firm of Paul Hastings LLP is acting as lead bankruptcy counsel to GT Advanced Technologies Inc. in the bankruptcy case.


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