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Posted December 01. 2012 4:32PM

Mississippi lawsuit: Company bought by NH's GTAT tried to deceive state

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The allegation is contained in a lawsuit that Mississippi officials filed in an unsuccessful effort to block San Jose, Calif.-based Twin Creeks Technologies from selling its patents to GT Advanced Technologies for $10 million. The state was also unsuccessful in blocking creditor Silicon Valley Bank from reaping $7 million from the sale.