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 July 14, 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 2036 and is described on the court’s official docket as follows:

Assented Motion to Continue Hearing /Debtors’ Assented-To Motion to Adjourn Hearing on 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, Dated June 26, 2015, to August 27, 2015 at 10:00 A.M. (Eastern Time) Filed by Debtor GT Advanced Technologies, Inc. (RE: related document(s) 1970 Motion to Approve filed by Debtor GT Advanced Technologies Limited) (Attachments: # 1 Exhibit A – Proposed Order) (Ortiz, Kyle) (Entered: 07/14/2015)

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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