May 18, 2018 / 6:36 AM / in 5 months

Cambridge Analytica files for Chapter 7 bankruptcy

May 18 (Reuters) - Cambridge Analytica, the firm at the center of this year’s Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.

Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million. bit.ly/2rSb2ex

Cambridge Analytica and its British parent SCL Elections Ltd said earlier this month that they would shut down immediately and begin bankruptcy proceedings after suffering a sharp drop in business. (Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Gopakumar Warrier)

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