Privacy Concerns Nix Bankruptcy Sale Of Dating Site Data

Law360, New York (October 24, 2013, 1:31 PM ET) -- Dating website Plentyoffish Media Inc. on Wednesday withdrew its bid to purchase personal information for 43 million subscribers from bankrupt Texas-based rival True Beginnings LLC, saying the company does not appear to have the unrestricted right to sell its customers' private data.

In a letter filed with the court, Plentyoffish said the sale of the customer information as set out in the asset purchase agreement appears to violate True Beginnings’ privacy policy, which “affects and binds” True Beginnings’ assets, and that True Beginnings has presented to...
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