Emerdata Limited: Difference between revisions
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==Activities== |
==Activities== |
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The administrators of Emerdata Limited have been accused of misleading an [[adjudicator]] according to the High Court of England. Adjudicator [[ |
The administrators of Emerdata Limited have been accused of misleading an [[adjudicator]] according to the High Court of England. Adjudicator [[Robert Hildyard]], who had earlier granted Cambridge Analytica's legal motion to be put into administration, "wasn't told" that the court administrators (Vincent Green and Mark Newman of liquidator [[Crowe]] LLP) were, allegedly, not "independent" of Cambridge Analytica. Solicitor Ravi Naik of the David Carroll case, stated Emerdata paid nearly £62k to secure the High Court administration orders "with the intention they should be reimbursed if funds become available", and that Emerdata paid [[Crowe]] UK LLP £221,792.50 "to partially discharge" the full administration fees of £350k plus VAT. <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> <br/ ><br/ > |
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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 international investors in January 2018 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> |
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 international investors in January 2018 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> |
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Revision as of 19:06, 16 November 2019
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Emerdata Limited is a company formed after filing for insolvency of Cambridge Analytica. Former employees of Cambridge Analytica and SCL moved to successor firms, these companies dissolved with acquisition by holding company Emerdata Limited. Emerdata Limited has not acquired SCL Insight Limited, another legal entity 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 shareholder and former director of Emerdata Limited. The company is now appears to be largly owned by Rebekah Mercer and Jennifer Mercer according to Cambridge Analytica's bankruptcy filing in New York. The remaining fifth of Emerdata’s shares are owned by several prior SCL Group investors and a number of Hong Kong-based shell companies. 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 last known director was Jacquelyn James-Varga. The Federal Trade Commission has imposed to sue "disgraced data firm" Cambridge Analytica after misusing data scraped from 87 million unwitting social media users. The company was soon acquired by Emerdata Limited after the news on misappropriation of digital assets was publicized.[1]
Activities
The administrators of Emerdata Limited have been accused of misleading an adjudicator according to the High Court of England. Adjudicator Robert Hildyard, who had earlier granted Cambridge Analytica's legal motion to be put into administration, "wasn't told" that the court administrators (Vincent Green and Mark Newman of liquidator Crowe LLP) were, allegedly, not "independent" of Cambridge Analytica. Solicitor Ravi Naik of the David Carroll case, stated Emerdata paid nearly £62k to secure the High Court administration orders "with the intention they should be reimbursed if funds become available", and that Emerdata paid Crowe UK LLP £221,792.50 "to partially discharge" the full administration fees of £350k plus VAT. [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 international investors in January 2018 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.
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