GT Advanced Technologies Inc fka GTAT

[Netsurfer]

I do not know much about tax code and transfer pricing but it can get pretty arcane and there is a fine....very fine line between stretching the law and breaking it. I believe that any thing that happens with the subsidiaries outside of the BK are handled differently and somehow free of BK claims....need a lawyer to parse this!!!

There is a recent Docket (1235) item from the BK trustee that wants to disallow the approval of PWC due to a
'non arms length" situation spelled out in the Docket.
Seems that GT paid off some old invoices due to PWC within 3 or 4 days of BK. Their own internal practice was to pay within 15 day of the invoice.....these were much older than 15 days and the timing made the transactions smell funny!!