BANKRUPTCY LAW CHALLENGE WV Attorney General Joining States Challenging Section Of Bankruptcy Law
Reported by: Associated Press
Web Producer: Jeff Morris
Reported: Feb. 15, 2013 1:44 PM EST
Eyewitness News Photo
, Kanawha County
, West Virginia
West Virginia's attorney general is joining other states that are challenging a section of federal bankruptcy law.
Attorney General Patrick Morrisey also has filed a friend of the court brief in the U.S. Supreme Court challenging New York's tough new gun law, according to media reports.
The bankruptcy challenge involves the Dodd-Frank Act. A section of the law allows the federal government to decide which of a bankrupt company's creditors to bail out.
Morrisey said West Virginia holds investments in many institutions that could be covered by the so-called bail-out provision.
Morrisey also announced Thursday the state is joining 19 other states to challenge a section of the New York gun law that requires residents to show a particular need before they can obtain a concealed weapons permit.
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