Bankrupt RadioShack Puts Customer Data Up For Bid

(RTTNews) - Bankrupt consumer electronics retailer RadioShack Corp. (RSHC), has listed personal data of millions of its customers for sale.

The RadioShack assets listed for sale includes more than 65 million customer names and physical addresses and 13 million email addresses. Hilco Streambank is the advisory firm that is taking care of disposition of RadioShack's assets in a Chapter 11 bankruptcy auction.

According to reports, the auction for the personal data of customers has been concluded with hedge fund Standard General winning the auction. However, the deal still requires approval from a bankruptcy court and it looks like RadioShack will also face legal hurdles in selling customer data.

New York State Attorney General Eric Schneiderman has voiced his objection saying that the company has violated its privacy policy. "When a company collects private customer data on the condition that it will not be resold, it is the company's responsibility to uphold their end of the bargain," said Attorney General Schneiderman.

Texas Attorney General Ken Paxton has also objected to the deal.