May 18, 2018

Cambridge Analytica files for voluntary bankruptcy: US Court


British political consulting group Cambridge Analytica filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, stated the court documents.

On May 16, the firm, whose attorney had filed, 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.

Earlier this month, the company - which worked on Donald Trump's 2016 presidential campaign - claimed its business had been ruined by "numerous unfounded accusations" which rendered operating the business "no longer viable."

The US Justice Department and the FBI are investigating CA - although it was unclear if the probe was linked to Special Counsel Robert Mueller's into Trump campaign collusion with Russia, as per reports.

Related Post

latest News

  • Expedite launch of online cybercrime reporting portal to curb Internet misuse: Union Home Minister Rajnath Singh

    Expressing deep concern over the rising misuse of Internet for circulating child pornography and other obscene material, on June 18, Union Home Minist...

    Read More
  • UK SC criticizes Northern Ireland abortion laws, dismisses case

    The government of the United Kingdom is facing intense pressure to reform abortion laws in Northern Ireland after Supreme Court Judges described them ...

    Read More
  • Elephant Tusks are Govt property Under Sec. 69 Of Kerala Forest Act: SC

    The Supreme Court, in Wild Life Warden v Komarrikkal Elias, has held that elephant tusk is a property of the Government and presumption under Section ...

    Read More