This incredible level of confidentiality is making bankruptcy proceedings tough for GTAT. Not only is it requesting that the court allow it to file certain documents in secret — which Reuters reports is "unusual" for a bankruptcy filing — GTAT is also asking that even its request for secrecy be kept a secret. "GTAT recognizes the unusual (and perhaps unprecedented) nature of the request," it writes in a court filing. The company writes that the potential fees have "compelled" it to request this level of confidentiality.
GTAT is also seeking to shut down the Arizona plant it uses to make sapphire glass for Apple. The decision apparently comes as a surprise to even Apple, and it's likely that this will disrupt its ambitious plans for using sapphire.