Ars Technica:

On Monday, GT filed for Chapter 11 bankruptcy. And today, GT said in separate filings with the US Bankruptcy Court in New Hampshire that it wants to terminate its contract with Apple and close the Arizona facility.

The filing to end the contract with Apple states that the terms of GT’s contract with Apple are “oppressive and burdensome,” and the separate filing requesting to shutter the sapphire plant claims that doing so is the only way to rescue GT’s business.

Anyone have any doubt that we haven’t heard all the details of this story and yet and that it’s going to get a lot uglier before its resolved?