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Bankrupt Gun Seller Says It Was Felled By Trump's Election

Law360 (May 3, 2018, 8:12 PM EDT) -- Ohio-based firearms distributor AcuSport Corp. filed for Chapter 11 bankruptcy this week, saying it has fallen on hard times ever since the 2016 presidential election because it increased inventory in mistaken anticipation that Hillary Clinton would win, causing a spike in demand.

AcuSport filed for bankruptcy in its home state on Tuesday owing $17.5 million to its prebankruptcy lenders, with an offer in hand to sell the business to competitor Ellett Brothers LLP for $7.75 million plus certain additional amounts to be determined at or before...
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