GT Advanced Technologies, in a document made public last Friday, alleged that it “incurred losses … due to Apple’s inordinate control over GTAT’s liquidity, operations …, and decision making.” The U.S. Bankruptcy Court of New Hampshire unsealed the document, in which GTAT CEO Daniel W. Squiller accuses Apple of using a “bait and switch” strategy in its dealings with the company. GTAT is a fabricator of sapphire, a clear crystal that’s harder than glass and very resistant to scratching.
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Bankrupt Sapphire Supplier Blasts Apple in Court Document
Posted by: John P. Mello Jr. November 12, 2014 07:22 AMGT Advanced Technologies, in a document made public last Friday, alleged that it “incurred losses … due to Apple’s inordinate control over GTAT’s liquidity, operations …, and decision making.” The U.S. Bankruptcy Court of New Hampshire unsealed the document, in which GTAT CEO Daniel W. Squiller accuses Apple of using a “bait and switch” strategy in its dealings with the company. GTAT is a fabricator of sapphire, a clear crystal that’s harder than glass and very resistant to scratching.