RadioShack Customer Data Won't Be Transferred to New Owner, Says NCAG
Personal information collected by RadioShack will not be transferred to the company's new owner, General Wireless.
A Texas judge ruled that the bulk of customer data will be destroyed, and no credit or debit card account numbers, social security numbers, dates of birth or even phone numbers will be transferred following the electronics company's bankruptcy.
North Carolina and 37 other states joined the State of Texas to oppose the sale of consumer data in RadioShack's bankruptcy proceedings in a Texas court.
"Consumers here in North Carolina and nationwide deserve to know their financial information is protected even when a company goes bankrupt or out of business," North Carolina Attorney General Roy Cooper said in a statement.
General Wireless obtained bankruptcy court approval to purchase RadioShack's entire e-commerce business, intellectual property and remaining assets, including certain customer data limited by this settlement. In March, General Wireless, a subsidiary of RadioShack's largest shareholder, purchased 1,750 RadioShack stores out of the bankruptcy.
Of the 8.5 million customer email addresses in RadioShack's files, the new owner will be allowed to retain only the email addresses of those who specifically requested product information in the last two years. General Wireless further agreed it will not sell or share any of this customer information in the future with any other entity, including its new co-branded business partner Sprint Communications.