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GT Advanced Technologies Fee Examiner Approved

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According to the U.S. Bankruptcy Court docket, the Court approved the U.S. Trustee’s motion to appoint an independent fee examiner to the GT Advanced Technologies case.

As previously reported, “Given the magnitude of these chapter 11 cases and the number of retained professionals who will apply to this Court for compensation, scrutiny of professional fees will prove especially challenging. To meet these challenges and to ensure that all professional fee requests meet applicable Bankruptcy Code requirements, the Court should authorize the appointment of a fee examiner.”

Read more Chapter 11 news.