Vice Media filed for Chapter 11 bankruptcy protection to facilitate a sale of the company and safeguard its future, according to court documents and a statement from the media group.
Laura McBride from Compact Pictures originally identified the book as a perfect story for the company, which is now moving into development with Atalla attached to adapt.
The resignation came after a report found he did not disclose potential perceived conflicts of interest during his appointment. It looked at whether he was transparent about facilitating a loan to Boris Johnson.