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NRA and LaPierre's Fate Lies in Hands of Texas Bankruptcy Judge

NRA and LaPierreâs Fate Lies in Hands of Texas Bankruptcy Judge
May 09 2021, 2:05 AM
May 08 2021, 6:30 PM
May 09 2021, 2:05 AM
(Bloomberg) The National Rifle Association, long a feared power broker, will learn its fate next week in a court ruling that could hobble the gun rights group and imperil the three-decade reign of its controversial boss, Wayne LaPierre.
(Bloomberg) The National Rifle Association, long a feared power broker, will learn its fate next week in a court ruling that could hobble the gun rights group and imperil the three-decade reign of its controversial boss, Wayne LaPierre.
The judge is weighing several options. He could let the NRAâs bankruptcy case go forward, giving the group a measure of refuge from a New York lawsuit that threatens its assets and even its existence. He could put the group under the control of a trustee, empowered to make decisions about its finances and its future. Or, in a highly unusual move, he coul ....

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Editorial — Bad moves: NRA and James set dangerous precedents with legal maneuvers

The National Rifle Association has played a key role in defending the rights of Americans who own firearms.
In a society that values freedom of expression, this is appropriate. Itâs no good telling people they can think whatever they want if theyâre not allowed to promote their beliefs.
Over the years, the NRA has earned the scorn of many critics â and some of this is deserved. Despite this, the group should be permitted to carry on its work and advocate the interests of its members.
However, the NRA needs to follow the law like everyone else. The bankruptcy process in which it is involved has revealed some shortcuts the organization is trying to take to avoid accountability. ....

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Lawyer believes NRA "is a child of bankruptcy in bad faith" Bankruptcy News

New York Attorney General Attorney Letitia James argued that a U.S. bankruptcy judge should file Chapter 11 of the National Rifle Association to “prevent failure from becoming a refuge for criminals.”
The National Rifle Association’s bankruptcy file was part of a clever attempt to escape a legal oversight of the NRA’s native New York state and should be canceled, a state attorney said at the end of an argument in a trial on Monday.
What was presented in the NRA’s Chapter 11 in January is “a child of bankruptcy filed in bad faith,” and the court should rule out “failure to prevent it from becoming a refuge for criminals,” Gerrit Pronske, New York Attorney General Letitia James. , he argued. ....

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NRA Bankruptcy Would Mean 'Haven for Wrongdoers,' N.Y. Warns

NRA Bankruptcy Would Mean ‘Haven for Wrongdoers,’ N.Y. Warns
Bloomberg
21 mins ago
Neil Weinberg and David Voreacos
(Bloomberg) The National Rifle Association’s bankruptcy filing should be dismissed because it was part of a brazen attempt to escape legitimate oversight in the NRA’s home state of New York, a lawyer for the state said in his closing argument in a trial on Monday.
An attorney for the gun rights group followed by accusing the state of attempting a political hit job. “We have the right to exist,” he told a federal bankruptcy judge in Dallas.
The judge is weighing requests to dismiss the NRA’s filing, appoint a trustee to run the NRA while it’s in bankruptcy or install an examiner to look into allegations of corruption and mismanagement made by New York Attorney General Letitia James. ....

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NRA Ad Agency Says It Handled Executives' Expenses

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NRA Ad Agency Says It Handled Executives Expenses
Law360 (April 16, 2021, 11:00 PM EDT) Executives for the National Rifle Association s longtime media consultants took the stand Friday in a Texas bankruptcy court, describing how it handled the personal expenses of the group s leaders and blaming CEO Wayne LaPierre for its current state.
On the sixth day of virtual hearings on motions to dismiss the NRA s Chapter 11 case, Ackerman McQueen Inc. vice president Anthony Makris said LaPierre s management has seen the organization fall from the pinnacle of political power it sat on three years ago, before the NRA and Ackerman s nearly four-decade association began to fall apart. ....

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