GT Advanced Technologies Inc. Bankruptcy New Filing Alert: Order Regarding The Application For Interim Approval Of Professional Compensation

On July 16, 2015, an order regarding the application for interim approval of professional compensation was filed in the bankruptcy case of GT Advanced Technologies Inc. and its affiliates.

The filing was assigned docket number 2055 and is described on the court’s official docket as follows:

Order Striking Interim Application for Compensation /Second Interim Application of Alvarez & Marsal North America, LLC as Restructuring Advisors to the Debtors, for Allowance of Compensation and Reimbursement of Expenses for the Period from February 1, 2015 through May 31, 2015 for Alvarez & Marsal North America, LLC, Other Professional, Period: 2/1/2015 to 5/31/2015, Fee: $980,400.50, Expenses: $39,486.40 (Court Doc. No. 2050) for Failure to Comply with Local Bankruptcy Rule 5005-4 and Administrative Order 5005-4. The document was not signed by counsel. Signed on 7/16/2015 (RE: related document(s) 2050 Application for Compensation filed by Other Professional Alvarez & Marsal North America, LLC) (jtp) (Entered: 07/16/2015)

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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