Mumbai : Embattled analytics company Cambridge Analytica has filed for bankruptcy in New York. The UK-based political consulting firm, which was overwhelmed by a scandal over how it harvested data from Facebook to influence the last US election, listed liabilities of $1 million to $10 million. The Chapter 7 petition to liquidate US affiliates — including SCL Elections, and SCL USA and SCL Social — was signed by board members Rebekah Mercer and Jennifer Mercer, daughters of former New York hedge fund manager Robert Mercer whose family backed Donald Trump presidential campaign and helped reshape American conservative politics.
The American bankruptcy case could shed light on some of the company’s relationships and finances and creditors can use bankruptcy law to subpoena information and probe asset transfers. Cambridge Analytica. The company listed creditors including units of BlackBerry, Oracle and Comcast as well as the Federal Election Commission, the US SEC and offices of the attorneys general in Connecticut, New Jersey and Massachusetts.
