California Doubles Down
California insists both the affiliate and TTAM fail the “good faith purchaser” standard under bankruptcy law. The state says TTAM’s involvement from the start proves the sale was engineered to keep data under control of insiders while bypassing consent rules.
“This looks like a complex corporate maneuver that can only be done through a Chapter 11 plan of reorganization,” the state wrote. “Section 363 does not authorize such a transaction.”
What’s Next
California is urging the Missouri district court to reverse the sale order, a move that could have sweeping implications for the future of genetic privacy, bankruptcy sales, and consumer protection.
