On July 15, 2015, an order regarding the 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 2042 and is described on the court’s official docket as follows:
Order Granting Motion To Continue/Reschedule Hearing On 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 (Related Doc # 1970, 2036) Signed on 7/15/2015. Hearing scheduled for 8/27/2015 at 10:00 AM at Courtroom 2, 1000 Elm Street, 11th Floor, Manchester, NH. (jtp) (Entered: 07/15/2015)
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.