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Tue May 11, 2021, 03:49 PM

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

Source: Washington Post

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

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Reply Federal judge denies NRA attempt to declare bankruptcy in win for New York state attorney general [View all]
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