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TSR NuTSR Declares Bankruptcy

NuTSR, owned by Justin LaNasa, has filed for Chapter 7 bankruptcy, which will liquidate the company's assets. NuTSR's gross revenue so far for 2023 is $621.93 according to the documents filed in North Carolina. This is balanced against total liabilities of just over $384,000. The company made the news over the last couple of years, emerging in 2020 when then-owners Justin LaNasa and Stephen...

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NuTSR, owned by Justin LaNasa, has filed for Chapter 7 bankruptcy, which will liquidate the company's assets.

NuTSR's gross revenue so far for 2023 is $621.93 according to the documents filed in North Carolina. This is balanced against total liabilities of just over $384,000.

The company made the news over the last couple of years, emerging in 2020 when then-owners Justin LaNasa and Stephen Dinehart registered the defunct TSR trademarks and launched the new venture with the involvement of Ernie Gygax, one of D&D co-creator Gary Gygax's sons. Over the following months, NuTSR generated controversy after controversy, attempted to sue D&D publishers Wizards of the Coast via a crowdfunding effort, and in March 2022 eventually found itself on the receiving end of a lawsuit from them.

www.enworld.org

TSR - The Full & Glorious History of NuTSR

Because the Saga of TSR3 has been ongoing for a while, with many landmarks, I thought I'd do a quick timeline for those who haven't had the time (or, frankly, inclination) to keep up with the whole palaver. As multiple entities refer to themselves as TSR, I will use the nomenclature (1), (2)...
www.enworld.org www.enworld.org

tsr_bankruptcy.png

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As a consequence of the bankruptcy petition the current lawsuit between WotC and NuTSR is on hold, postponed until March 2024. NuTSR's website is still active.

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Morrus

Morrus is the owner of EN World and EN Publishing, creator of the ENnies, creator of the What's OLD is NEW (WOIN), Simply6, and Awfully Cheerful Engine game systems, publisher of Level Up: Advanced 5th Edition, and co-host of the weekly Morrus' Unofficial Tabletop RPG Talk podcast. He has been a game publisher and RPG community administrator for over 20 years, and has been reporting on TTRPG and D&D news for over two decades. He is also on the socials.
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Wincenworks

Hero
Willie the Duck said:
This has all the hallmarks of a Texas Two-Step (own two companies, give one company all the benefits, saddle the other with all the debt, have the later fail or declare bankruptcy).
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The biggest challenges that Justin will face here is, unlike Johnson & Johnson, he didn't get a team of lawyers to strategically arrange a corporate restructure that transferred tort liabilities. He just basically started rebranding stuff as OSR Games, claiming things were owned by Dungeon Hobby Shop Museum LLC (which is a party in the counter-suit) and kept doing these updates after filing the bankruptcy.

Goblinz: Those Pesky Goblinz. A Role-Playing Game by Justin LaNasa was still listed as a TSR LLC property days in the "Look Inside" details on Amazon days after filing the bankruptcy, and hasn't declared any of these on the filings as recent transfers etc.

Realistically his trustee may only be personally interested in so far as it allows him to claw back assets of actual value, and thus get paid for his services, but by accepting the role of US Trustee he also has a responsibility to make a resonable effort on these kinds of things, and he's doubtlessly aware this bankruptcy has a lot of people watching, many of whom have supplied him substantial information.

Justin once again shot himself in the foot while thinking he was outsmarting everyone, displaying true Wiley Coyote energy.
 

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MoonSong

MoonSong

Rules-lawyering drama queen but not a munchkin
Willie the Duck said:
It depends. This has all the hallmarks of a Texas Two-Step (own two companies, give one company all the benefits, saddle the other with all the debt, have the later fail or declare bankruptcy). Exactly how legal (and immune to clawback actions) any of it is is incredibly jurisdiction-dependent. Large corporations* have been able to help cultivate laws which favor them being able to do this.
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That's what they did to Toys R us.
 



Whizbang Dustyboots

Whizbang Dustyboots

Gnometown Hero
Wait until he finds out that people have been using a standardized OSR logo for years to indicate broad compatibility with products from a host of different companies.

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Since he's keen to alienate the people who should be his customers, maybe he'll just start suing everyone in the OSR community generally.
 


Ancalagon

Ancalagon

Dusty Dragon
Whizbang Dustyboots said:
The OSR movement keeps actively purging themselves of bad actors, only for them to actively seek the movement out and slap the "OSR" branding on themselves.
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a side note on that: About a week ago, on an OSR discord server (one with hundreds of users), a mod posted an @ everyone "happy pride" type of post. A few people responded with a vomit emoji... a few people were banned. So yeah, the OSR movement is not "all alt-right" or somesuch...
 

Whizbang Dustyboots

Whizbang Dustyboots

Gnometown Hero
Ancalagon said:
a side note on that: About a week ago, on an OSR discord server (one with hundreds of users), a mod posted an @ everyone "happy pride" type of post. A few people responded with a vomit emoji... a few people were banned. So yeah, the OSR movement is not "all alt-right" or somesuch...
Click to expand...
The best OSR Facebook group uses a rainbow version of that logo. So there's definitely a variety of folks in the OSR community, plenty of them without retro attitudes to go with their retro gaming.
 

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