Restaurant funding – Fuze Restaurant And Lounge http://fuzerestaurantandlounge.com/ Sat, 22 Jan 2022 05:05:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://fuzerestaurantandlounge.com/wp-content/uploads/2021/06/icon-90.png Restaurant funding – Fuze Restaurant And Lounge http://fuzerestaurantandlounge.com/ 32 32 Insurers pushed to settle Archdiocese abuse claims https://fuzerestaurantandlounge.com/insurers-pushed-to-settle-archdiocese-abuse-claims/ Sat, 22 Jan 2022 05:05:00 +0000 https://fuzerestaurantandlounge.com/insurers-pushed-to-settle-archdiocese-abuse-claims/ Copyright © 2022 Albuquerque Journal As the Archdiocese of Santa Fe’s bankruptcy reorganization enters its fourth year without resolution, pressure mounts for church insurance companies to pay a larger share of the payout to nearly 400 survivors of child sexual abuse. The archdiocese and plaintiffs alleging abuse by priests and other clergy reached a tentative […]]]>

Copyright © 2022 Albuquerque Journal

As the Archdiocese of Santa Fe’s bankruptcy reorganization enters its fourth year without resolution, pressure mounts for church insurance companies to pay a larger share of the payout to nearly 400 survivors of child sexual abuse.

The archdiocese and plaintiffs alleging abuse by priests and other clergy reached a tentative agreement last year on what the archdiocese would pay, but contributions from insurance companies remain an issue.

Now, plaintiffs’ attorneys are preparing to ask U.S. Bankruptcy Judge David Thuma to allow the state’s lawsuits or claims to be stayed by filing for bankruptcy – a move that could eventually allow juries to assess damages to individual survivors after public trials and proving much more costly for insurance companies.

The archdiocese itself plans to file a lawsuit as early as Monday asking a judge to settle undisclosed issues regarding the relationship “between the archdiocese and its insurers,” an archdiocese lawyer said Friday during of a hearing in Albuquerque.

A recent three-day mediation involving the insurance companies, the archdiocese and the claimants, led by a nationally recognized mediator, was positive and is expected to continue, said archdiocese attorney Thomas Walker, making reference to mediator Paul Van Osselaer from Texas.

“I’m hopeful and I know everyone is sick of hearing that word as time goes by,” Walker said. “But I’m encouraged.”

Jim Stang, a California attorney who represents survivors, countered at Friday’s hearing that while progress has been made, “we are a long way from resolving this case in terms of the dollars involved.”

He noted that in the recent USA Gymnastics bankruptcy settlement involving sexual abuse claims against a former team doctor, survivors will receive an average of $800,000 each. In recent days, the University of Michigan announced a $490 million settlement of sexual abuse claims involving a former school doctor in which survivors will receive an average of more than $400,000 each, Stang added.

“We look to settlements across the country to find out what would be the fair value of what these (archdiocesan) abuse claims would total,” Stang said. “If they don’t pay attention to the current trends in the country, they are making a big mistake.”

There has been no disclosure of what the archdiocese is willing to contribute or what insurance companies are offering.

And Rob Charles, a Tucson lawyer representing parishes in the archdiocese, said quoting such multimillion-dollar payments might not be appropriate for parishes in New Mexico that have committed “probably more than they can handle.” for the Archdiocese’s financial settlement.

The archdiocese has had numerous insurance companies since claims of sexual abuse by priests and other clergy surfaced decades ago and so far it has paid out $52 million , including insurance proceeds and his own money, to settle about 300 cases out of court, according to The Associated Press. . This would average about $175,000 per victim.

The archdiocese filed for bankruptcy in 2018 in part to avoid having to face individual lawsuits alleging clergy sex abuse.

A question on Friday was whether the archdiocese’s next legal action over the insurance issues would be sealed.

Previous court documents, orders and hearings were sealed at the request of the archdiocese to ensure that its contracts with insurance companies, which included confidentiality clauses, were not breached.

Thuma, without immediately commenting on the matter, said on Friday: “My bias is not to seal things off, especially in a case like this where there is a public interest and the public has a right to know. ..”

Merit Bennett

Merit Bennett, a Santa Fe attorney, told the judge: ‘The words ‘under seal’ in this type of case concern me because I filed my first lawsuit (for child sexual abuse) against the archdiocese. in 1994 and since then the words ‘under seal’ seem to perpetuate the fact that all abuse was under seal for many, many generations.

If the insurance record is sealed, Bennett said, “The public is basically going to say, ‘Well, it’s more or less the same thing.

Stang added, “These insurance policies, one might say, are the most important assets in this area (of the Archdiocese) and doing it behind closed doors is not appropriate.”

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Tommy Robinson sued for an estimated £2m debt after filing for bankruptcy | tommy robinson https://fuzerestaurantandlounge.com/tommy-robinson-sued-for-an-estimated-2m-debt-after-filing-for-bankruptcy-tommy-robinson/ Thu, 20 Jan 2022 17:44:00 +0000 https://fuzerestaurantandlounge.com/tommy-robinson-sued-for-an-estimated-2m-debt-after-filing-for-bankruptcy-tommy-robinson/ Far-right activist Tommy Robinson is being sued for around £2million by his creditors after he declared bankruptcy in a High Court libel suit. English Defense League founder, real name Stephen Christopher Yaxley-Lennon, declared himself bankrupt in a High Court trial last year in which he was ordered to pay £100,000 damages for defamation to a […]]]>

Far-right activist Tommy Robinson is being sued for around £2million by his creditors after he declared bankruptcy in a High Court libel suit.

English Defense League founder, real name Stephen Christopher Yaxley-Lennon, declared himself bankrupt in a High Court trial last year in which he was ordered to pay £100,000 damages for defamation to a Syrian schoolboy whom he had defamed online.

In March, Robinson will be officially discharged from bankruptcy, which means he will no longer have to pay any debts covered by the filing, including six-figure legal fees.

It emerged on Thursday that creditors have asked an independent insolvency expert to investigate whether Robinson’s claim is genuine or whether he is “hiding” assets to avoid paying his debts.

Campaign group Hope Not Hate said it believed Robinson had access to assets worth up to around £3million through property acquisitions, investments, donations and sales of books. The group said it would provide a dossier of evidence to the new investigation.

The Guardian attempted to reach Robinson for comment.

Nick Lowles, the chief executive of Hope Not Hate, said: ‘It is totally unfair that, when his victim’s life has been turned upside down, Tommy Robinson is carrying on with his life as before.

Robinson declared bankruptcy in March last year in a High Court libel suit brought by Jamal Hijazi, a Syrian schoolboy who was filmed being attacked at school.

Shortly after video of the incident went viral, Robinson falsely claimed in Facebook videos viewed by nearly a million people that Hijazi was “not innocent and violently going after young English girls in her school”.

The judge, Justice Nicklin, said the consequences of Robinson’s lies had been “particularly severe” for Hijazi and that the scars “would likely last for many years, if not a lifetime”.

He ordered Robinson to pay Hijazi £100,000 in damages plus his legal costs, although the teenager has yet to see a penny due to Robinson’s bankruptcy petition.

Hope Not Hate said it was raise funds to build a case for investigators into Robinson’s finances. Lowles said: “Tommy Robinson needs to understand that there are real consequences to his hatred. It’s time to make him pay and make sure his victims get proper justice.

The insolvency investigator has a number of powers, including access to Robinson’s banking and business records, hearing witnesses under oath and – if necessary – asking the court to obtain search and arrest warrants.

The Guardian previously revealed how Robinson had an international network of wealthy donors and received donations and other support from around the world.

Such was the influence of Robinson’s supporters that they asked advisers to former Republican U.S. presidential candidate Ted Cruz for legal advice on getting an extended visa for “someone who needs protection.” “.

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Facing Bhagwant Mann CM reflects AAP’s ‘bankruptcy’, says Sukhbir Badal – Reuters https://fuzerestaurantandlounge.com/facing-bhagwant-mann-cm-reflects-aaps-bankruptcy-says-sukhbir-badal-reuters/ Tue, 18 Jan 2022 16:24:00 +0000 https://fuzerestaurantandlounge.com/facing-bhagwant-mann-cm-reflects-aaps-bankruptcy-says-sukhbir-badal-reuters/ Through PTI CHANDIGARH: SAD leader Sukhbir Singh Badal said on Tuesday that making Bhagwant Mann the chief ministerial face reflected the “complete bankruptcy” of the Aam Aadmi party. Shiromani Akali Dal (SAD) leader also called Mann a “dummy face”, alleging that Delhi Chief Minister Arvind Kejriwal is the “real face” of the AAP in the […]]]>

Through PTI

CHANDIGARH: SAD leader Sukhbir Singh Badal said on Tuesday that making Bhagwant Mann the chief ministerial face reflected the “complete bankruptcy” of the Aam Aadmi party.

Shiromani Akali Dal (SAD) leader also called Mann a “dummy face”, alleging that Delhi Chief Minister Arvind Kejriwal is the “real face” of the AAP in the state.

Badal was reacting to the AAP’s announcement declaring Mann as the primary ministerial face for the February 20 assembly elections.

Earlier in the day, AAP national organizer Arvind Kejriwal announced the results of the party’s ‘Janta Chunegi Apna CM’ campaign, in which he asked the people of Punjab who should be his choice for the highest position.

On the other hand, Punjab Minister and Congress Leader Raj Kumar Verma has called the AAP exercise to regain his CM face a farce, saying that the people of Punjab will not be fooled as they have already decided to bring back Congress. in power.

Badal, meanwhile, said the AAP had fallen back on “compromised” candidate Bhagwant Mann because no one was ready to lead the party in Punjab.

Calling Mann’s appointment a “scene-run non-event”, the SAD chairman said Kejriwal never wanted to make him the face of the party in Punjab.

“He said it in front of Mann while saying the party was looking for a capable candidate. It’s also a fact that the AAP surveyed a number of potential candidates, but each of them refused to lead. the party. That is why responsibility was placed on Bhagwant after a bogus investigation,” Badal said in a statement here.

He said making Mann the face of the party reflected the “complete bankruptcy” of the AAP.

Badal said: “A desperate public relations exercise is underway to wash away Mann’s omissions and commissions and project him as a leader who can take on the role of chief minister, even though his capricious and irresponsible conduct is well known to all.”

Badal said Kejriwal cannot take Punjabis to be so “naive” that they approve of his “buffered” candidate.

“They need strong and decisive leadership as well as a leader with a proven record of driving rapid development as well as ensuring public order, peace and community harmony in this border state. Bhagwant Mann does not fit this bill,” Badal said.

Later, Badal said in a tweet, “AAP’s new CM face @BhagwantMann is a model. AAP is campaigning on ‘ek mauka Kejriwal nu’. Will he now uproot the boards put up on Pb, changing it to ‘ek mauka Bhagwant Mann nu’? Obviously not. @ArvindKejriwal continues to be the true face of PAA in Punjab.”

Meanwhile, BJP General Secretary Tarun Chugh slammed the AAP for choosing Mann and recalled how the AAP unit chief in Punjab was lambasted in the Lok Sabha for his “unsound” behavior. drunk” and how some members of the Lok Sabha had complained against him.

“But the AAP doesn’t care about everything and by organizing the so-called popular vote via social media, it paved the way for a tarnished leader to become the face of the chief minister,” Chugh said.

He sent serious signals to Punjab about how the AAP would govern if it came to power, he said in the statement.

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“Glenn Youngkin and his administration are already showing the absolute moral bankruptcy of the Republican Party from DAY ONE! Stop “giving them a chance!” https://fuzerestaurantandlounge.com/glenn-youngkin-and-his-administration-are-already-showing-the-absolute-moral-bankruptcy-of-the-republican-party-from-day-one-stop-giving-them-a-chance/ Sun, 16 Jan 2022 13:05:27 +0000 https://fuzerestaurantandlounge.com/glenn-youngkin-and-his-administration-are-already-showing-the-absolute-moral-bankruptcy-of-the-republican-party-from-day-one-stop-giving-them-a-chance/ See below some reactions to Glenn Youngkin’s early actions as governor, including extremely ill-advised (not to mention questionable and dishonest) executive orders/directives to rescind mask and vaccine mandates, remove Virginia from the Regional Greenhouse Gas Initiative, dismiss the Parole Board, “investigate wrongdoing in Loudoun County”, “reduce job cut regulations by 25%”, etc. As Joy-Ann Reid […]]]>


See below some reactions to Glenn Youngkin’s early actions as governor, including extremely ill-advised (not to mention questionable and dishonest) executive orders/directives to rescind mask and vaccine mandates, remove Virginia from the Regional Greenhouse Gas Initiative, dismiss the Parole Board, “investigate wrongdoing in Loudoun County”, “reduce job cut regulations by 25%”, etc. As Joy-Ann Reid says:

Mass disease and death, mixed with ignorance. The standard fare of “modern” republicanism… well done, Virginia. Good game.”

And as the Virginia Democratic Party puts it:

“Glenn Youngkin’s day one program is divisive and dangerous and will set us back. At a time when we need a governor to guide us through this pandemic, Youngkin’s top priority is rolling back the protections that will put our children and the Commonwealth at risk.

And Fred Wellman nails it:

“Glenn Youngkin and his administration are already showing the absolute moral bankruptcy of the Republican Party from DAY ONE! Stop giving them a chance! Stop being so damn focused on the Democratic candidates. We are fighting for our democracy. I am so angry today.

See below for more reactions…

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Washington’s political maneuverings are on the verge of bankruptcy https://fuzerestaurantandlounge.com/washingtons-political-maneuverings-are-on-the-verge-of-bankruptcy/ Thu, 13 Jan 2022 13:45:00 +0000 https://fuzerestaurantandlounge.com/washingtons-political-maneuverings-are-on-the-verge-of-bankruptcy/ Trump supporters clash with police and security forces as people attempt to storm the US Capitol on January 6, 2021 in Washington, DC. Photo: AFP During his remarks on the anniversary of the January 6 Capitol Riots, US President Joe Biden criticized his predecessor Donald Trump and his supporters for attacking US democracy. Meanwhile, Biden […]]]>

Trump supporters clash with police and security forces as people attempt to storm the US Capitol on January 6, 2021 in Washington, DC. Photo: AFP

During his remarks on the anniversary of the January 6 Capitol Riots, US President Joe Biden criticized his predecessor Donald Trump and his supporters for attacking US democracy. Meanwhile, Biden has once again gone out of his way to champion American-style democracy. At a time when American-style democracy is increasingly becoming a model of “bad democracy,” why do some American political elites still cling to the procedural and formal legitimacy of Western democracy?

In a sense, procedural democracy and the dogged knowledge of its “justice” are the notions and systems that evolved from classical democracy after the rise of modern industrial society.

One of the main sources was the political rationalism once considered to represent advances. The arrogance of such a political concept makes it difficult for people living in the West to impartially justify the lifestyles and values ​​of other ethnic groups and races. Instead, they tend to position all systems that do not meet Western criteria as the opposite of “democracy” – the so-called authoritarian.

A second source is modern procedural law with significant features of formalism. Based on the “due process”, the procedural law resulting from the Western tradition makes the efficiency of the advancement of legal proceedings the supreme principle. It has artificially created a political and legal space in which, according to the principle of the presumption of innocence, anyone accused of a crime is considered innocent as long as flaws are found in a series of procedures such as investigation, examination and prosecution, and trial, even if the accused has been found guilty as a matter of fact.

However, it is the plaintiff who is actually injured and violated by the justice of procedural law.

From this perspective, the justice system in modern Western countries spends a lot of taxpayers’ money to maintain “decency” and protect the “human rights” of criminals, but often ignores victims. Western democracy continues to take the upper hand morally under the banner of “procedural justice”, advocating ideas such as “one person, one vote”. However, it actually has to deal with the growing deterioration of democracy and the resulting political, economic and social problems. This is also linked to the West’s obsession with the rule of law only through procedure.

A third source is the natural form of modern civilization that revolves around the capital. In the post-Cold War era, the hegemony of transnational monopoly capital is exemplified by the uncontrolled expansion and growth of a market economy based on stock and money market hegemony.

This echoes the concepts and models of the rule of law in Western democracies, particularly in the United States. The western democratic system is notorious for creating “consent”. But when it comes to surveying people’s opinions and gaining their consent using statistical methods, the complexity and diversity of facts often turn into data. Based on these indicators, quantitative models are constructed, and after several rounds of conditioning, “political truths” that many Western elites believe in are created.

Many American pollsters, even the US Congress, and some Western countries have been preparing so-called human rights reports since the Cold War era. “Public opinion” in the political market is similar to toxic bonds in the US stock market that are carefully packaged and sold to the world. In a sense, it is the irrational belief and even obsession with numbers and quantification that fuels the maneuvers of some Western politicians who temporarily preoccupy their constituents and use any means possible to get attention.

Therefore, when we criticize Western-style democracy, we need to look deeply into the connotation of its model and understand the limitations of its theoretical roots and ways of thinking.

For a long time, very abstract numbers, such as polls and demographics, have been used to govern, tame and even mislead voters. Nowadays, with the arrival of a new technological revolution, the information gap traditionally created to shape “consent” is being bridged. Thus, the days when Western politicians could shape global “public opinion” using statistics or quantitative models are fading.

It will be exposed even further that Western-style democracy is gaining strength and making itself known.

The author is an associate professor at the School of Marxism at Harbin Institute of Technology in Shenzhen. opinion@globaltimes.com.cn

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Poughkeepsie physiotherapy company files for bankruptcy in landlord-tenant dispute https://fuzerestaurantandlounge.com/poughkeepsie-physiotherapy-company-files-for-bankruptcy-in-landlord-tenant-dispute/ Tue, 11 Jan 2022 17:09:30 +0000 https://fuzerestaurantandlounge.com/poughkeepsie-physiotherapy-company-files-for-bankruptcy-in-landlord-tenant-dispute/ A physiotherapy company in Poughkeepsie has filed for bankruptcy, attributing financial hardship to landlord-tenant issues and the Covid-19 pandemic. Physiotherapy and physiotherapy center in New York. Photo courtesy of New York Hand and Physical Therapy. New York Hand & Physical Therapy PLLC declared $ 30,000 in assets and $ 212,236 in liabilities, in a Chapter […]]]>

A physiotherapy company in Poughkeepsie has filed for bankruptcy, attributing financial hardship to landlord-tenant issues and the Covid-19 pandemic.

Physiotherapy and physiotherapy center in New York. Photo courtesy of New York Hand and Physical Therapy.

New York Hand & Physical Therapy PLLC declared $ 30,000 in assets and $ 212,236 in liabilities, in a Chapter 11 petition filed last month in US bankruptcy court, Poughkeepsie.

Patrick Clough, the chairman, did not explain how the landlord-tenant dispute or the pandemic has affected his business. Instead, he says in an affidavit that Mahopac Bank froze bank accounts, “which caused the company temporary but significant delays in its income and its ability to pay its creditors.”

The bank is listed as New York Hand’s largest secured creditor, at $ 132,596. According to the affidavit, Poughkeepsie K Holdings, a Mount Vernon company that sued and obtained a default judgment after the company defaulted on a previous lease, owes $ 77,780.

Mahopac, now part of Tompkins Community Bank, on Jan.10 opposed New York Hand’s motion to continue using bank accounts to operate the business.

Tompkins argues that the funds in the bank account are collateral for a $ 200,000 loan issued in 2015. The bank sued New York Hand in 2020 to recover the collateral, and last January won a judgment of $ 132,596 which claimed since increased, with interest, to $ 143,777.

The bank claims the bankruptcy code does not allow a debtor to use cash collateral, or requires the court to put conditions on the accounts to protect the bank.

Clough says in his affidavit that it is in the best interests of the business and its creditors to continue operating while a reorganization plan is negotiated.

New York Hand recorded profits of $ 15,769 in 2020 and $ 44,078, according to tax records filed with the bankruptcy case.

Clough, of Gardiner, County of Ultster, twice filed for Chapter 13 personal bankruptcy in 2019, with New York Hand as co-debtor. The court dismissed both cases, first for failure to pay the trustee and then for failure to provide income tax returns or come up with a workable plan under Chapter 13.

New York Hand is represented by counsel for Hopewell Junction, Devon Salts.

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Bankrupt ČSA to resume flights to five destinations and increase connections https://fuzerestaurantandlounge.com/bankrupt-csa-to-resume-flights-to-five-destinations-and-increase-connections/ Thu, 24 Jun 2021 02:16:33 +0000 https://fuzerestaurantandlounge.com/bankrupt-csa-to-resume-flights-to-five-destinations-and-increase-connections/ National carrier Czech Airlines (ČSA) will resume flights to five destinations in the coming weeks and increase the frequency of flights to European destinations. ČSA will fly again to Odessa, Amsterdam, Copenhagen, Iceland and Malta, the company said in a statement on Tuesday. The company is in the process of being reorganized after filing for […]]]>

National carrier Czech Airlines (ČSA) will resume flights to five destinations in the coming weeks and increase the frequency of flights to European destinations. ČSA will fly again to Odessa, Amsterdam, Copenhagen, Iceland and Malta, the company said in a statement on Tuesday. The company is in the process of being reorganized after filing for bankruptcy in February.

Currently, ČSA offers regular flights to Paris (daily), Stockholm (three times a week), Kiev (daily) and Moscow (three times a week). In the coming weeks, these air links will be reinforced by additional links.

The company plans to renew its flights to five destinations, which have been temporarily suspended due to the coronavirus pandemic. From April 2, ČSA will resume its flights to Odessa (twice a week), then from April 16 to Amsterdam (daily), from May 1 to Copenhagen (daily) and to Iceland (four times per week). week). From June 12, airlines will also fly to Malta once a week. The carrier indicates that the gradual resumption of operations depends on the evolution of the epidemiological situation in the various countries and the gradual relaxation of travel restrictions.

ČSA now allows passengers to change their flight bookings free of charge until the end of June. The newly selected flight must take place no later than March 31, 2022. Passengers traveling with ČSA are required to produce a negative antigen or PCR test for the coronavirus before boarding.

ČSA is currently in bankruptcy, declared ex officio by a court. The company, which laid off most of its staff in February, has unpaid debts amounting to 1.8 billion crowns, owed to suppliers and passengers for canceled flights. The court appointed Inskol as insolvency administrator and isSA is currently undergoing reorganization.


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NRA bankruptcy case denied, allowing New York dissolution case to proceed: NPR https://fuzerestaurantandlounge.com/nra-bankruptcy-case-denied-allowing-new-york-dissolution-case-to-proceed-npr/ Thu, 24 Jun 2021 02:16:31 +0000 https://fuzerestaurantandlounge.com/nra-bankruptcy-case-denied-allowing-new-york-dissolution-case-to-proceed-npr/ Wayne LaPierre, CEO of the National Rifle Association, at the group’s annual meeting in Dallas in May 2018. A secret figure, LaPierre makes few public appearances outside of carefully scripted speeches. Daniel Acker / Bloomberg via Getty Images hide caption toggle legend Daniel Acker / Bloomberg via Getty Images Wayne LaPierre, CEO of the National […]]]>

Wayne LaPierre, CEO of the National Rifle Association, at the group’s annual meeting in Dallas in May 2018. A secret figure, LaPierre makes few public appearances outside of carefully scripted speeches.

Daniel Acker / Bloomberg via Getty Images


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Daniel Acker / Bloomberg via Getty Images


Wayne LaPierre, CEO of the National Rifle Association, at the group’s annual meeting in Dallas in May 2018. A secret figure, LaPierre makes few public appearances outside of carefully scripted speeches.

Daniel Acker / Bloomberg via Getty Images

Updated 6:43 p.m. ET

A federal bankruptcy judge rejected an attempt by the National Rifle Association to declare bankruptcy on Tuesday, ruling that the gun rights group had not filed the case in good faith.

The decision slams the door on the NRA’s attempt to use bankruptcy laws to evade New York authorities seeking to dissolve the organization. In his ruling, the federal judge said that “the use of this bankruptcy case to resolve an enforcement problem” was not a permitted use of bankruptcy.

The bankruptcy lawsuit had put on hold other legal challenges the NRA had faced, but the move returns the group to its confrontation with the New York attorney general, who is seeking to shut it down over allegations of “fraud and fraud. abuse”.

“The @NRA cannot dictate whether and where it will answer for its actions, and our case will go to court in New York,” said the New York attorney general. Letitia James said in a tweet after the decision. “We have sued the NRA to end its fraud and abuse, and now we will continue our work to hold the organization accountable.”

During the trial, the NRA said it had enough money to pay its creditors. Instead, he declared bankruptcy for a tactical reason: to avoid the reach of the New York attorney general. Last year, the attorney general sought court approval to dissolve the NRA, alleging a wide variety of financial misconduct, mostly from the NRA’s top executive: CEO Wayne LaPierre.

In response to the judge’s dismissal, the NRA said it had taken steps to improve internal financial controls and would continue to pursue its gun rights mission.

“While we are disappointed with some aspects of the decision, there is no change in the general direction of our association, its programs or its advocacy for the Second Amendment,” LaPierre said in a statement. “We remain an independent organization that can chart its own course … The NRA will continue to fight, as we have for 150 years.”

The NRA had argued during the case that it was being persecuted for its political views. The group has asked a federal bankruptcy judge to put its other legal cases on hold and allow it to reorganize in Texas, where it may be out of the reach of the New York attorney general.

“In bankruptcy parlance, we have a predatory lender looking to seize our assets,” argued Greg Garman, a lawyer representing the NRA.

But the month-long trial had the side effect of making public details of the personal expenses of senior NRA officials. He also painted a picture of an organization in crisis, with some of the sharpest criticism coming from current and former insiders of the organization.

Testimonials included examples of the nonprofit organization’s tax-exempt funds used for wedding expenses, private jet travel, and exotic getaways. For example, LaPierre’s private travel consultant, who was paid $ 26,000 per month to take care of him personally, testified to how LaPierre asked him to change the travel bills of the private jets in order to hide their personal expenses. real destinations.

The lawsuit also provided rare insight into the behavior of LaPierre, who led the controversial organization for nearly 30 years. A secret figure, LaPierre makes few public appearances outside of carefully scripted speeches.

When questioned, he admitted to making annual trips to the Bahamas, where he would stay on a luxury yacht owned by an NRA vendor – a conflict of interest he did not disclose at the time. whose testimony and court proceedings have shown him to be in violation of NRA policy. . Instead, he justified the Caribbean trips to court as a necessary “safety retreat” for his safety and that of his family members.

LaPierre appeared to irritate the judge overseeing the case on several occasions by rambling, talking about his privileged conversations with his attorneys, and not answering questions directly.

“I’m about to say something that I’ve been saying for a day and a half now. Can you answer the questions that are asked? the judge asked LaPierre at one point. “Do you understand that I told you more than a dozen times in the last day?”

“Yes, sir, your honor. I’m sorry, I’m – I’m doing my best,” LaPierre replied.

The NRA claims it is financially sound, but investigations and litigation have hampered the group. Information provided during the trial indicated that in less than three years, the organization had spent $ 72 million on its main law firm alone. For context, the group made $ 291 million in revenue in 2019, the most recent year for which public records are available.

Since 2019, when infighting between NRA officials came to light with the dramatic resignation of then-president Oliver North, the NRA has gone from crisis to crisis. A number of NRA board members resigned in protest as allegations of management misconduct surfaced. The NRA severed its relationship with its main advertising agency, Ackerman McQueen, resulting in costly lawsuits and the spread of even more dirty laundry.

With the bankruptcy case dismissed, the NRA is now reverting to its previous vulnerable state: fighting for survival against a New York attorney general seeking to shut down the entire organization.

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NRA bankruptcy case dismissed, leaving group to face trial in New York for financial abuse https://fuzerestaurantandlounge.com/nra-bankruptcy-case-dismissed-leaving-group-to-face-trial-in-new-york-for-financial-abuse/ Thu, 24 Jun 2021 02:16:31 +0000 https://fuzerestaurantandlounge.com/nra-bankruptcy-case-dismissed-leaving-group-to-face-trial-in-new-york-for-financial-abuse/ A federal judge on Tuesday dismissed the National Rifle Association bankruptcy case, leaving the powerful gun rights group to face a lawsuit in New York state that accuses it of financial abuse and aims to bankrupt it. The case revolved around whether the NRA should be allowed to incorporate in Texas instead of New York, […]]]>

A federal judge on Tuesday dismissed the National Rifle Association bankruptcy case, leaving the powerful gun rights group to face a lawsuit in New York state that accuses it of financial abuse and aims to bankrupt it.

The case revolved around whether the NRA should be allowed to incorporate in Texas instead of New York, where the state is suing in an attempt to disband the group. Although based in Virginia, the NRA was incorporated as a nonprofit in New York City in 1871 and is incorporated in the state.

Judge Harlin Hale said in a written order that he dismissed the case because he found the bankruptcy was not filed in good faith.

“The Court finds that the NRA’s goal in filing bankruptcy is less like a traditional bankruptcy case in which a debtor faces financial hardship or a judgment he cannot meet and more cases in which the courts have declared bankruptcy was filed to gain an unfair advantage in litigation or to avoid a regulatory scheme, ”Hale wrote.

His decision follows 11 days of testimony and arguments. Lawyers for New York and the former NRA advertising agency have grilled the group’s top executive Wayne LaPierre, who admitted to bankrupting the NRA in Chapter 11 without the knowledge or consent of the group. Most of its board of directors and other senior executives.

“Excluding so many people from the decision-making process to file for bankruptcy, including the vast majority of the board, the chief financial officer and the general counsel, is nothing short of shocking,” the judge added.

Phillip Journey, an NRA board member and Kansas judge who had requested that an examiner be appointed to investigate the group’s leadership, was concise about Hale’s judgment: “1 word, disappointed,” said he wrote in an SMS.

Lawyers for New York Attorney General Letitia James argued the case was an attempt by the NRA leadership to evade responsibility for using the group’s coffers as a personal piggy bank. But NRA lawyers said it was a legitimate effort to avoid a political attack from James, who is a Democrat.

LaPierre testified that he kept the bankruptcy largely a secret to avoid leaks from the group’s 76-member board of directors, which is divided in its support for him.

The NRA declared bankruptcy in January, five months after James’ office sought its disbandment over allegations that executives illegally embezzled tens of millions of dollars for lavish personal travel, non- presentation and other questionable expenses.

“The NRA cannot dictate whether and where it will answer for its actions, and our case will go to court in New York,” James tweeted after the ruin. “No one is above the law.”

James is the head of law enforcement in New York City and has regulatory authority over nonprofit organizations incorporated in the state. She sued the NRA last August, claiming at the time that “the extent and depth of corruption and illegality” at the NRA justified its shutdown. James took similar steps to force the shutdown of former President Donald Trump’s charitable foundation after allegedly using it to advance business and political interests.

Shannon Watts, who founded America’s Moms Demand Action for Gun Sense, said in a series of tweets that the bankruptcy dismissal “comes at the worst possible time for the NRA: just as the background check is debated in the Senate “.

“It will be costly, if not impossible for the NRA to effectively oppose gun safety and pressure lawmakers while simultaneously waging legal battles and growing debt,” said Watts, whose organization is part of Everytown for Gun Safety, supported by Michael Bloomberg.

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Oyo is no longer a start-up, has assets worth millions of dollars: Fhrai tells Nclat https://fuzerestaurantandlounge.com/oyo-is-no-longer-a-start-up-has-assets-worth-millions-of-dollars-fhrai-tells-nclat/ Thu, 24 Jun 2021 02:16:31 +0000 https://fuzerestaurantandlounge.com/oyo-is-no-longer-a-start-up-has-assets-worth-millions-of-dollars-fhrai-tells-nclat/ The Federation of Indian Hotel and Restaurant Associations (FHRAI) told the National Company Law Appeals Tribunal (NCLAT) on Wednesday that the Oyo hotel company had assets in excess of Rs 300 crore as of fiscal year 2019 and that it was no longer a startup. The company is currently battling claims of over Rs 200 […]]]>

The Federation of Indian Hotel and Restaurant Associations (FHRAI) told the National Company Law Appeals Tribunal (NCLAT) on Wednesday that the Oyo hotel company had assets in excess of Rs 300 crore as of fiscal year 2019 and that it was no longer a startup.

The company is currently battling claims of over Rs 200 crore filed by several hotel owners claiming to be operational creditors.

The comments from the FHRAI, which intervened in the insolvency case against Oyo, came after NCLAT Judge Anant Bijay Singh noted on Monday that the Insolvency and Bankruptcy Code of 2016 (IBC) needs a separate provision for startups that have no assets.

Oyo is not a startup more according to the definition of the Ministry of Commerce, since its income was above 100 crore rupees as of fiscal year 2019, ”said FHRAI lawyer Krishnendu Dutta.

He added that the company’s assets, including tangible and intangible, exceed Rs 300 crore.

According to documents from Tofler, Oyo’s parent company, Oravel Stays Pvt Ltd, had recorded consolidated operating income of Rs 6,430 crore in fiscal year 19. It had reported total assets of a value of Rs 6,430 crore. of nearly 1000 rupees, which included physical facilities and equipment of 293 crore rupees.

Oyo did not comment on the FHRAI’s statement in NCLAT.

Oyo’s lawyer, Mukul Rohatgi had questioned Monday on the role of the interveners in the affair, and had particularly attacked the FHRAI. “How can the Federation of Hotel and Restaurant Associations of India, which is an association of 1000 hotels, be an operational creditor? FHRAI is Oyo’s rival,” he said.

Rohatgi, who appeared for the Softbank-backed company, told NCLAT that most of the claims against Oyo are not credible.

“I am informed that of the alleged Rs 225 crore claims against Oyo by suspected operational creditors, the Insolvency Resolution Professional (IRP) has found at first glance only Rs 13 lakh“Rohatgi said.

However, the IRP has yet to reveal details of the total amount claimed by creditors. The IRP did not comment on the statements made by Oyo’s attorney.

Oyo settled the case with a Gurgaon-based hotel owner who initially dragged the company to NCLT for non-payment of Rs 16 lakh dues.

However, several other creditors have now intervened in the matter. This includes the Federation of Hotel and Restaurant Associations of India (FHRAI), which represents several hotels across the country.

NCLAT must now decide whether the claims of the intervening creditors should be allowed, given that the original party has requested the discontinuance.

The NCLAT judge previously commented on how an insolvency case can play out against a company that has no physical assets. “The IBC should consider separate provisions for startups and unicorns. Oyo is a startup but has no ownership. Even if there is liquidation, there will be nothing. There cannot be conventional solution for startups under IBC, “he noted.

The case has now been placed for orders in July.

(Edited by : Kanishka Sarkar)

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