'NSA-Proof' Phone Maker Allegedly Considering Bankruptcy

Law360, New York (June 27, 2016, 5:06 PM EDT) -- Silent Circle LLC, whose super-secure “Blackphone” has been billed as "NSA-proof" and has won praise from privacy advocates, has skipped out on a $5 million debt and is considering bankruptcy after several major distribution deals fell through, according to a suit filed by a business partner in New York state court on Friday.

Geeksphone SA, a Spanish smartphone maker that created a joint venture with Maryland-based Silent Circle to produce the Blackphone, also won a temporary restraining order that prohibits banks and credit card companies from releasing up to $5 million, part of the price that Silent Circle was supposed to...

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