23andMe Holding Co.
Case Number:
4:25-bk-40976
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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May 05, 2025
23andMe Gets Privacy Watchdog, Yellow Investors Push Ch. 7
A Missouri bankruptcy judge signed off on a consumer privacy watchdog for 23andMe's Chapter 11. A group of shareholders and unsecured creditors that previously supported Yellow Corp. attempting a Chapter 11 plan have shifted gears and asked a Delaware bankruptcy judge to convert the case to a Chapter 7 liquidation. Chicken restaurant Sticky's won a Delaware bankruptcy judge's tentative permission to sell its assets to an investment fund for $2 million.
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May 02, 2025
23andMe Says 1.3M Customers Have Asked To Delete Data
23andMe executives told a meeting of creditors聽Friday that more than 1.3 million customers have asked the聽DNA testing company to cancel their accounts and delete their genetic information since it entered Chapter 11.
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April 29, 2025
23andMe Agrees To Privacy Ombudsman In Ch. 11
A Missouri bankruptcy judge on Tuesday signed off on a consumer privacy watchdog for 23andMe's Chapter 11 after the genetic testing group and 30 states agreed that a statutorily authorized ombudsman would be the best way to vet a Chapter 11 sale that includes 15 million users' DNA information.
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April 28, 2025
Imerys Ch. 11 Trial Abruptly Paused, Celsius Seeks Sanctions
Talc producer Imerys is nearing Chapter 11 plan confirmation after a trial commenced; a plan administrator for Celsius moved to impose sanctions in another crypto firm鈥檚 bankruptcy; and Prospect Medical secured court approval to close two facilities.
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April 22, 2025
23andMe Has Received 'Significant Interest' In Ch. 11 Auction
Genetic testing company聽23andMe has received significant interest in the Chapter 11 auction for its assets, its counsel told a Missouri bankruptcy judge Tuesday at a hearing where it received final approval of a $35 million financing package to fund its bankruptcy case.
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April 18, 2025
23andMe Ch. 11 Sale Sparks DNA Privacy Oversight Battle
The bankrupt ancestry testing company 23andMe, more than two dozen state attorneys general, and the federal government agree on one thing: Privacy concerns over the sale of individual genetic profiles for the company's 15 million customers should be a top priority.
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April 17, 2025
Data Breach, Market Challenges Led 23andMe To Ch. 11
Facing macroeconomic headwinds, including rising inflation and expenses associated with a major data breach in October 2023, genetic testing company 23andMe launched a Chapter 11 case last month in Missouri bankruptcy court, disclosing $214 million in debt and its intention to sell the business.聽
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April 14, 2025
Debt Deals On The Rise, Purdue Can Begin Claims Processing
A Texas district court, not a bankruptcy court, will oversee the U.S. trustee's efforts to claw back millions in legal fees paid to Jackson Walker over an undisclosed relationship between an attorney and bankruptcy judge; out-of-court debt deals eclipsed Chapter 11s by a 4-to-1 ratio last year; and drug manufacturer Purdue Pharma can begin processing claims ahead of a Chapter 11 confirmation hearing. This is the week in bankruptcy.
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April 11, 2025
Under The Radar: Bankruptcy News You May Have Missed
The Texas Attorney General asked for a consumer privacy ombudsman in 23andMe's Ch. 11 case; The Chapter 11 trustee handling Chinese exile Miles Guo's estate balked at an appeal against a decision advancing dozens of clawback proceedings; and a Delaware bankruptcy judge dismissed the Chapter 7 case of electronics recycler Camston Wrather at the request of the estate trustee.
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April 09, 2025
23andMe Asks For Independent Customer Data Rep In Ch. 11
Genetic testing company 23andMe asked a Missouri bankruptcy judge to let it appoint an independent customer data representative as it looks to sell genetic data of 15 million users at a Chapter 11 auction.