I'm an avid anarchist, and no fan of the law, but do you not think its immoral for a company to misrepresent itself in order to get preferential treatment under the law? Doesn't that hurt us all by weakening the systems that (attempt to) keep organizations like CLI Holdings from running amok? As US taxpayers (forgive the presumption), don't court room shams like this expend our collective treasure?

While I must confess that I do not fully understand the motives at play, and everyone is innocent until proven guilty, I'm struggling to find a reason for a profitable company to file for bankruptcy which isn't fraudulent.