N.Y. Attorney General's Office Slams NRA Bankruptcy as a 'Masterclass in Bad Faith' as Gun Group's

Trial Begins

The National Rifle Association’s bankruptcy trial kicked off to fireworks in a federal court in Texas on Monday, as a lawyer from New York Attorney General’s office ripped CEO Wayne LaPierre’s gambit as a “masterclass in bad faith and dishonest conduct.”

When the NRA filed a federal bankruptcy petition in Texas earlier this year, the group’s website boasted of being “in its strongest financial condition in years.” The GOP power broker claims that it is “dumping New York” and “utilizing the protection of the bankruptcy court” in order to organize its “legal and regulatory matters in efficient forum.”

“By the NRA’s own words, it is not only solvent but financially strong,” Assistant Attorney General Monica Connell told a judge on Monday morning.

The NRA has no offices in Texas but has asserted venue via an affiliate, Sea Girt, LLC, an entity that the attorney general described as a “wholly-owned shell company” established in the Lone Star State three months ago as a “toehold” for the proceedings.

https://www.msn.com/en-us/news/crime/ny-attorney-generals-office-slams-nra-bankruptcy-as-a-masterclass-in-bad-faith-as-gun-groups-trial-begins/ar-BB1fkphr