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Chapter 11 Data Breach Commercial Bankruptcy

ArentFox Schiff

23andMe and the Role of Privacy in Bankruptcy Law

ArentFox Schiff on

There is nothing more inherently unique and personal to an individual than his or her DNA. Unlike many other types of personal information, a person’s DNA is immutable. It can be the key to unlocking extremely sensitive...more

Troutman Pepper Locke

State AGs and the FTC Warn of 23andMe Risks Following Bankruptcy Announcement

Troutman Pepper Locke on

Several state attorneys general (AGs) and the Federal Trade Commission (FTC) have begun scrutinizing ancestry tracking company 23andMe following its recent announcement that it has filed for Chapter 11 bankruptcy. As part of...more

Seward & Kissel LLP

Bad Idea Genes, Pension Plan (?), and Vertical Integration

Seward & Kissel LLP on

23andMe files for bankruptcy, Anne Wojcicki steps down as CEO | CNBC - Genetic testing company 23andMe filed for Chapter 11 bankruptcy protection in Missouri federal court. Anne Wojcicki, co-founder and CEO, has resigned...more

HaystackID

23andMe’s Court-Supervised Restructuring: Navigating Turbulent Financial Waters

HaystackID on

On March 23, 2025, 23andMe, a pioneer in the field of genetic testing and consumer healthcare, announced it had filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Missouri. The objective...more

Seward & Kissel LLP

Vodka on the Rocks, Bon Voyage, and Hard to Contain

Seward & Kissel LLP on

Vodka maker Stoli Group USA files for chapter 11 bankruptcy | CBS News - Stoli Group’s US-based distributor unit filed for bankruptcy protection this week in the Northern District of Texas....more

Epiq

The Importance of Data Security in Bankruptcy Claims

Epiq on

Data security is a major concern across virtually all areas of the legal profession particularly in 2024 thanks in part to a record-breaking number of cyber incidents last year that cost companies an average of $4.45 million...more

Pillsbury - Policyholder Pulse blog

From Data Breach to Bankruptcy – A Cautionary Tale for Those Without Cyber Insurance

A data breach may cost a company millions in recovery and liability damages, but rarely does a breach force a company into bankruptcy. However, a months-long data breach at American Medical Collection Agency (AMCA) in...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Amazon announced yesterday that it will immediately raise the minimum wage it pays to all 250,000 of its employees (and the 100k it plans to hire for the holiday season) to at least $15/hour, more than double the current...more

Orrick, Herrington & Sutcliffe LLP

PRIVACY POLICIES AND THE SALE OF CORPORATE ASSETS: It pays to plan ahead to preserve the value of your data assets

Personal data is a valuable corporate asset. At times, the personal information collected from customers (such as email address, mailing address, phone number, etc.) can be a company’s most valuable asset. Unfortunately,...more

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