Overview
USA, Insolvency & Restructuring, Litigation, Bryan Cave Leighton Paisner (Bryan Cave), Bankruptcy, Debt, Fair Debt Collection Practices Act 1977 (USA), Supreme Court of the United States, United States bankruptcy court
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.
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)