The company’s multiple lawsuits mean it can’t cover its bills, but the CEO gave a sizable chunk of its assets to his anti-wolf nonprofit only a few months ago.
The company’s multiple lawsuits mean it can’t cover its bills, but the CEO gave a sizeable payment to his anti-wolf nonprofit.
“It’s just a sad situation that has happened,” said Roger Kraft, the attorney representing LRS during its bankruptcy proceedings. “This started out as a legitimate business venture with two primary goals, and those goals were to clean up the lake while at the same time developing land.” , since it would privatize a lakebed that is supposed to be managed as “sovereign” land in the public trust.. In June, it asked a judge to dismiss the case and announced LRS, a limited liability corporation, was going to dissolve.
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