Jump to content
Check your account email address ×

Oh oh…. Federal judge denies NRA attempt to declare bankruptcy in win for New York state attorney general


Recommended Posts

Federal judge denies NRA attempt to declare bankruptcy in win for New York state attorney general

Source: Washington Post

LWR7AKFR3UI6XKMAUYFPS5XNIQ.jpg

A federal judge Tuesday denied an effort by the National Rifle Association to file for bankruptcy protection, ruling that the gun rights group filed the case in an attempt to fend off a civil lawsuit by the New York attorney general. “The Court finds, based on the totality of the circumstances, that the NRA’s bankruptcy petition was not filed in good faith but instead was filed as an effort to gain an unfair litigation advantage in the NYAG Enforcement Action and as an effort to avoid a regulatory scheme,” Judge Harlin Hale wrote in a 37-page decision. 

Hale’s decision follows a weeks-long hearing that revealed details about alleged mismanagement and excessive spending by top officials at the influential gun lobby, including Wayne LaPierre, the NRA’s controversial leader for the past three decades. “The @NRA does not get to dictate if and where it will answer for its actions, and our case will continue in New York court,” the New York attorney general’s office wrote in a tweet minutes after the ruling. “No one is above the law.” 

Early this year, LaPierre announced that the nonprofit would file for bankruptcy and seek to move to Texas from New York state, where it was chartered in 1871, in the face of the far-reaching civil suit filed by the New York attorney general. LaPierre and his legal team contended that the lawsuit filed by New York Attorney General Letitia James last August seeking to dissolve the gun rights group was a political act intended to destroy the organization. 

James’s office argued that the NRA’s bid for bankruptcy was an attempt to duck serious allegations of fraud and self-dealing. Several other parties, including the NRA’s longtime public relations firm, joined the attorney general’s office in opposing the petition or seeking independent oversight of the group. And in a surprise move at the end of closing arguments, a Justice Department lawyer who protects taxpayers’ interests in bankruptcy proceedings called for the rejection of the NRA’s petition or appointment of an independent trustee or an examiner.

Read more: https://www.washingtonpost.com/politics/nra-bankruptcy-decision/2021/05/11/9f67509a-b106-11eb-9059-d8176b9e3798_story.html 
Link to comment
Share on other sites

5 minutes ago, ActionfigureJoe said:

LaPierre and his pals might have to give up that lush, jet set lifestyle. All the people duped into throwing millions at this org. Idiots. 

Trumpco will be next.

Link to comment
Share on other sites

10 hours ago, ActionfigureJoe said:

Uh huh. Conspiracy tales and throwing their money away on a useless org. 

NRA is responsible for Americans love of guns like PETA is responsible for Americans love of animals. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Trying to pay the bills, lol

×
×
  • Create New...