The judge presiding over the bankruptcy proceeding of the operator of a Web site and magazine aimed at gay teens has approved a settlement allowing the destruction of personal information of users rather than a sale to creditors as part of the bankruptcy estate. The court approved the settlement after the Federal Trade Commission raised objections to the sale, citing the Web site sign-up confirmation page, which stated that "[w]e never give your info to anybody," and a similar statement directed to subscribers of an associated print magazine.
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USA, New Jersey, Insolvency & Restructuring, Internet & Social Media, IT & Data Protection, Litigation, Proskauer Rose LLP, Bankruptcy, Information privacy, Debtor, Personally identifiable information, Data, Subscription business model, Federal Trade Commission (USA), Federal Trade Commission Act 1914 (USA)
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