Emerdata Limited: Difference between revisions
No edit summary |
No edit summary |
||
| Line 3: | Line 3: | ||
==Liability== |
==Liability== |
||
The administrators of Emerdata Limited have been accused of misleading a judge according to the High Court of England. |
The administrators of Emerdata Limited have been accused of misleading a judge according to the High Court of England.<ref>{{Cite news|url=https://www.theregister.co.uk/2018/12/07/cambridge_analytica_crowe_llp_misled_judge_allegation/|title=Cambridge Analytica's administrators misled judge, High Court told|date=7 December 2018|work=The Register|access-date=16 November 2019|language=en-GB}}</ref> Investors who backed a rebranding of Cambridge Analytica are in a stand-off with former chief executive [[Alexander Nix]] after he allegedly withdrew more than $8 million from the scandal-hit data firm shortly before it collapsed. The rebranded Emerdata Limited and a related company, SCL Group, had raised $19 million from powerful international investors in January to expand the company’s services and bid for more commercial work.<ref>{{Cite news|url=https://www.irishtimes.com/business/technology/cambridge-analytica-chief-accused-of-taking-8m-before-collapse-1.3520609|title=Cambridge Analytica chief accused of taking $8m before collapse|date=5 June 2018|work=The Irish Times|access-date=16 November 2019|language=en-GB}}</ref> |
||
<ref>{{Cite news|url=https://www.irishtimes.com/business/technology/cambridge-analytica-chief-accused-of-taking-8m-before-collapse-1.3520609|title=Cambridge Analytica chief accused of taking $8m before collapse|date=5 June 2018|work=The Irish Times|access-date=16 November 2019|language=en-GB}}</ref> |
|||
== References == |
== References == |
||
Revision as of 17:05, 16 November 2019
 | This article, Emerdata Limited, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
Emerdata Limited is a legal entity formed after filing of bankrupcy and dissolutions of Cambridge Analytica. Former employees of Cambridge Analytica and SCL moved to successor firms, the companies were fully acquired by a holding company Emerdata Limited. Emerdata Limited has not acquired SCL Insight Limited, another government-focused company owned by Nigel Oakes, an SCL Group co-founder. Julian Wheatland, the former CEO of Cambridge Analytica and former director of a number of SCL-connected firms, is a sharehold of Emerdata Limited and former director. The company is partially owned by Rebekah Mercer and the Mercer family. The remaining fifth of Emerdata’s shares are owned by several prior SCL Group investors and a number of Hong Kong-based shell companies. The last known director is Jacquelyn James-Varga. Two other former Cambridge Analytica chief executive officers, Alexander Nix and Alexander Tayler, were also for a time listed as Emerdata directors, and have also since resigned. The Federal Trade Commission has imposed to sue Cambridge Analytica after misusing data scraped from 87 million unwitting social media users.[1]
Liability
The administrators of Emerdata Limited have been accused of misleading a judge according to the High Court of England.[2] Investors who backed a rebranding of Cambridge Analytica are in a stand-off with former chief executive Alexander Nix after he allegedly withdrew more than $8 million from the scandal-hit data firm shortly before it collapsed. The rebranded Emerdata Limited and a related company, SCL Group, had raised $19 million from powerful international investors in January to expand the company’s services and bid for more commercial work.[3]
References
- ^ "The strange afterlife of Cambridge Analytica and the mysterious fate of its data". Fast Company. 26 July 2018. Retrieved 16 November 2019.
- ^ "Cambridge Analytica's administrators misled judge, High Court told". The Register. 7 December 2018. Retrieved 16 November 2019.
- ^ "Cambridge Analytica chief accused of taking $8m before collapse". The Irish Times. 5 June 2018. Retrieved 16 November 2019.
Emerdata Limited
| This article, Emerdata Limited, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |