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SFX Entertainment Ombudsman Appointment Sought

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SFX Entertainment filed with the U.S. Bankruptcy Court a motion for an order directing the U.S. Trustee assigned to the case to appoint a consumer privacy ombudsman (CPO).

The motion explains, ” On February 29, 2016, the Debtors filed the Motion of the Debtors for Entry of an Order (A) Approving Bid Procedures Relating to the Sale of All or Substantially All of the Assets of the Fame House Business, (B) Approving Notice Procedures, and (C) Granting Related Relief. The assets proposed to be sold in accordance with the Fame House Bid Procedures Motion may include personally identifiable information (‘PII’) of individuals.”

The motion continues, “Section 332 of the Bankruptcy Code requires the appointment of a consumer privacy ombudsman (a ‘CPO’) when a debtor seeks to sell or transfer PII notwithstanding restrictions in the debtor’s privacy policy with respect to the transfer of such PII. CPOs assist the Court in evaluating proposed transfers by a debtor of [personally identifiable information]. The CPO may present the Court with information about the relevant privacy policy, potential losses or gains to the consumers involved, potential costs or benefits to those consumers, as well as possible alternatives that would reduce any potential costs or privacy loss.”

The Court scheduled a March 21, 2016 hearing on the motion, with objections due by March 16, 2016. Read more SFX bankruptcy news.

The post SFX Entertainment Ombudsman Appointment Sought appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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