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GT Advanced Shareholders Denied Role in Bankruptcy

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A bankruptcy judge on Monday denied a request by GT Advanced Technologies Inc. shareholders to have a voice in the former Apple Inc. supplier’s bankruptcy, though he left open the possibility for the group to come back with a new proposal, the Wall Street Journal reported today. Bankruptcy Judge Henry Boroff issued the one-paragraph denial after a Monday hearing in U.S. Bankruptcy Court in Springfield, Mass. The shareholders had argued they should be given an official role in the case — with expenses paid for out of the debtor’s coffers — because GT Advanced’s business is still worth enough to leave a payout for them.