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  Business   Companies  18 May 2018  Cambridge Analytica files for voluntary bankruptcy in US: court

Cambridge Analytica files for voluntary bankruptcy in US: court

AFP
Published : May 18, 2018, 1:52 pm IST
Updated : May 18, 2018, 1:52 pm IST

It filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.

Cambridge Analytica, the British marketing analytics firm, filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed. (Photo: AFP)
 Cambridge Analytica, the British marketing analytics firm, filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed. (Photo: AFP)

New York: Cambridge Analytica, the British marketing analytics firm, filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.

The firm, whose attorney filed on Wednesday, announced early May that it would close and file for insolvency in Britain and the United States after failing to recover from the Facebook data scandal.

 

Tags: cambridge analytica, bankruptcy, insolvency, facebook, data scandal
Location: United States, New York