Cambridge Bridge Analytical Files for the Chapter Seven Bankruptcy: Political consultancy firm Cambridge Analytical has filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday, news agency Reuters reporting.
Cambridge Bridge Analytical Files for the Chapter Seven Bankruptcy
Cambridge Analytical LLC, which was at the center of the Facebook data leaks controversy following charges of election meddling, listed assets in the range of $100,001 to $500,000 and liabilities in the field of $1 million to $10 million.
The firm and its British parent SCL Elections Ltd says earlier this month that they will shut down immediately and begin bankruptcy proceedings after suffering a sharp drop in business.
After the announcement, speculations were rife that the political consulting firm would be resuscitating in the garb of two young firms to be put up in London. However, the company has declined any such possibility.
It is the end of the show, Nigel Oakes, the founder of Cambridge Analytica’s British affiliate, SCL Group, had told news agency Bloomberg on Tuesday.
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