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GT Advanced First Bankruptcy Hearing Set for Thursday

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GT Advanced Technologies Inc., Apple Inc.’s partner in a sapphire glass plant in Arizona, will hold its first chapter 11 bankruptcy court hearing on Thursday at 10 a.m. ET, Reuters reported yesterday. Investors are eagerly anticipating the hearing, at which GT has said that it will explain the events that led to Monday's surprise bankruptcy filing, which sparked a 90 percent drop in the company's stock.