Ars Tecnica: Cambridge Analytica files for bankruptcy amidst “siege” of negative attention

Ars Tecnica: Cambridge Analytica files for bankruptcy amidst “siege” of negative attention

Stephen Spaulding, the chief of strategy at advocacy group Common Cause and a former special counsel at the FEC, told Ars that he guessed that listing was because of a pending legal complaint brought to the FEC. "The reason they would be listed in a bankruptcy would be that this pending legal action might leave them exposed legally and maybe that’s why it has to be disclosed," he said. "Why they’re listed as a creditor would be a question for a bankruptcy lawyer."

Stephen Spaulding, the chief of strategy at advocacy group Common Cause and a former special counsel at the FEC, told Ars that he guessed that listing was because of a pending legal complaint brought to the FEC.

“The reason they would be listed in a bankruptcy would be that this pending legal action might leave them exposed legally and maybe that’s why it has to be disclosed,” he said. “Why they’re listed as a creditor would be a question for a bankruptcy lawyer.”