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Bankruptcy No Sanctuary Against Government Enforcement Actions: NRA's Chapter 11 Case Dismissed as Bad Faith Filing | Weil, Gotshal & Manges LLP

[co-author: Alex Xiao]
Executive Summary
In May, 2021, Judge Harlin D. Hale of the United State Bankruptcy Court for the Northern District of Texas, dismissed the chapter 11 cases filed by the National Rifle Association. The court found that the organization filed bankruptcy to gain an unfair litigation advantage and avoid a state regulatory action brought by the New York Attorney General, which is not a valid bankruptcy purpose. This high-profile case demonstrates that although the bar is not high for an organization to procure protection from creditors under the U.S. Bankruptcy Code, a barrier of entry does stand.
In re National Rifle Association of America and Sea Girt, LLC, No. 21-30085 (Bankr. N.D. Tex. May 11, 2021). ....

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NRA Bankruptcy Case Dismissed For Cause Because It Was Not Filed In Good Faith | Fox Rothschild LLP

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Judge Harlin D. Hale of the United State Bankruptcy Court for the Northern District of Texas dismissed the chapter 11 bankruptcy case filed by the National Rifle Association (the “NRA”) for cause, finding that the case was not filed in good faith.
1 In its 38-page opinion issued in connection with multiple motions to dismiss and a motion to appoint an examiner (and after 12 days of trial testimony from 23 witnesses) the Court found that there was cause to dismiss the case because “the NRA’s bankruptcy petition was not filed in good faith but instead was filed as an effort to gain an unfair litigation advantage” in a dissolution action brought by the State of New York “and as an effort to avoid a regulatory scheme.” ....

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Opinion | Finally, the NRA faces a long-overdue reckoning

Opinion | Finally, the NRA faces a long-overdue reckoning
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Letitia James , Harlind Hale , Wayne Lapierre , Judge Harlin , New York Attorney General Letitia James , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , லீடிஶிய ஜேம்ஸ் , வேன் லேபியர் , நீதிபதி ஹார்லின் , புதியது யார்க் வழக்கறிஞர் ஜநரல் லீடிஶிய ஜேம்ஸ் ,

Editorial: The NRA keeps shooting itself in the foot [Los Angeles Times :: BC-NRA-EDITORIAL:LA]

From the moment the National Rifle Association filed for bankruptcy in January, it looked like a dodge. Financially solvent despite internal disputes and dwindling donations from some wealthy patrons, the NRA clearly did not need protection from creditors. So why file? Well, as U.S. Bankruptcy Judge ....

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Dallas judge dismisses NRA bankruptcy as bad faith filing - Dallas Business Journal

Dallas judge dismisses NRA bankruptcy as bad faith filing - Dallas Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Gerrit Pronske , Harlind Hale , Allen Pusey , Spencer Fane , Wayne Lapierre , Las Vegas , Dorsey Whitney , Letitia James , Michael Gruber , Ackerman Mcqueen , Brian Mason , Gregory Garman , Texas Lawbook , National Rifle Association , Bankruptcy Code , Judge Hale , New York Attorney General , Fifth Amendment , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஆலன் ப்யூஸீ , ஸ்பென்சர் ஃபேந் , வேன் லேபியர் , லாஸ் வேகாஸ் ,