"Not in good faith" is a big slap-down. It puts the case back in the NY court, so the NY legislation can proceed. Not that we have any love for the NY AG, piss be upon her, but WLP brought this on himself, or more accurately, he brought it on us.The question the Court is faced with is whether the existential threat facing the NRA is the
type of threat that the Bankruptcy Code is meant to protect against. The Court believes it is not.
For the reasons stated herein, the Court finds there is cause to dismiss this bankruptcy case as not
having been filed in good faith both because it was filed to gain an unfair litigation advantage and
because it was filed to avoid a state regulatory scheme.
Nevertheless, because the NRA has lots of our money to spend, they may just file an appeal, hoping to drag it out as long as possible.