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Cambridge Analytica to File Bankruptcy

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On May 2, 2018, SCL Elections Ltd., as well as certain of its and Cambridge Analytica LLC’s U.K. affiliates, filed applications to commence insolvency proceedings in the U.K. The Company is immediately ceasing all operations and the boards have applied to appoint insolvency practitioners Crowe Clark Whitehill LLP to act as the independent administrator for Cambridge Analytica. Additionally, parallel bankruptcy proceedings will soon be commenced on behalf of Cambridge Analytica LLC and certain of the Company’s U.S. affiliates in the United States Bankruptcy Court for the Southern District of New York. Read more on distressed companies.

The post Cambridge Analytica to File Bankruptcy appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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