23andMe (ME) said late Wednesday its consumer privacy policies remain in place, and the company has not altered the way it manages or protects customer data.
The statement follows New York Attorney General Letitia James asking 23andMe customers to take action to protect their data as the company goes through bankruptcy.
The company said the US Bankruptcy Court for the Eastern District of Missouri has authorized a process to sell substantially all of its assets, and "potential buyers must, among other requirements, agree to comply with 23andMe's consumer privacy policy and all applicable laws with respect to the treatment of customer data."
The company obtained approvals from the court for its "first day" motions related to its voluntary Chapter 11 petitions, including approval to pay wages and compensate certain vendors, and to enter into a binding term sheet for a $35 million debtor-in-possession financing facility from JMB Capital Partners, it said.
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