GT Advanced Technologies Inc fka GTAT

[MattySR]

Who is "they"? I'm talking about price negotiation for the law firm to file the suit to compel a shareholders meeting.

If your talking about the board, shareholders can't authorize any money / value / shares to them during CH.11. Even firing BOD's is a power that is limited in BK.

Check out the John mansville case about shareholders and this situation, very informative.

http://business-finance-restructuring.weil.com/throwback-thursday/absent-clear-abuse-shareholders-continue-to-control-company-during-chapter-11-case/

This article could very well be extremely relevant in the coming weeks ^ "absent clear abuse" is very important..

Here is also a tidbit about filing the suit itself and how the automatic stay of Bk does not apply.

http://www.bayardlaw.com/legal/bankruptcy-court-finds-action-to-compel-annual-shareholder-meeting-not-barred-by-automatic-stay