A bankruptcy judge dismissed a bankruptcy case filed by the Gateway Pundit on Wednesday, saying the far-right outlet did not file the case in good faith.
The ruling from the US bankruptcy judge Mindy Mora in the southern district of Florida comes as the outlet faces significant defamation cases from two Georgia election workers and a former Dominion voting systems employee who say the site spread false claims about them after the 2020 election.
Calling the site’s assets “eye-catching”, Mora noted that they were 22 times the size of its liabilities.
“TGP remains both balance sheet and cash flow solvent. There is no present financial distress, no looming foreclosure sale, no prospect of a market crash. There is only the State Court Litigation in which TGP must defend itself. That’s not a basis for bankruptcy relief; it’s the justice system in operation,” Mora wrote.
The Gateway Pundit declared bankruptcy on 24 April saying it was doing so as a litigation strategy in the defamation cases filed against it. Filing for bankruptcy pauses all civil proceedings against a business.
“This is a common tool for reorganization and to consolidate litigation when attacks are coming from all sides. It allows TGP to consolidate this lawfare in one court for ultimate resolution,” Jim Hoft, the site’s founder, wrote at the time.
More details soon …
