A former Apple supplier settled an SEC probe into whether it misled investors about problems making scratch-resistant sapphire glass for iPhones
WASHINGTON—A former supplier to Apple Inc. agreed Friday to settle civil fraud claims that it misled investors about its problems making scratch-resistant sapphire glass for iPhones.
GT Advanced Technologies Inc., which emerged from bankruptcy in 2016 and is now a private company, settled the Securities and Exchange Commission’s probe without paying a fine. Thomas Gutierrez, GT’s former chief executive, agreed to pay $140,000 to resolve an investigation of him.
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