GT Advanced court filings show $50M penalty for Apple leaks

Updated
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Court filings from Apple sapphire supplier GT Advanced Technologies have revealed a number of details about Apple’s non-disclosure agreements, including a $50 million penalty for leaking any product information. Lawyers from GT are making the case that more information about the company’s relationship with Apple should be made public “in the interests of creditors and shareholders,” the Financial Times reports. This comes after GT, which recently declared Chapter 11 bankruptcy, asked the court to void its “oppressive and burdensome” contracts with Apple. GT plans on winding down its operations and closing its manufacturing plant by year’s end. It’s unknown, however, if the $50 million penalty for leaking information is uniform for other Apple suppliers, as that number may vary.

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Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.