After Data Controversy, Cambridge Analytica Files For Bankruptcy In US

Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.

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After Data Controversy, Cambridge Analytica Files For Bankruptcy In US

Cambridge Analytica said earlier this month that they would shut down immediately. (File)

Cambridge Analytica, the firm at the center of this year's Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.

Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million. 

Cambridge Analytica and its British parent SCL Elections Ltd said earlier this month that they would shut down immediately and begin bankruptcy proceedings after suffering a sharp drop in business.

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© Thomson Reuters 2018


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