Adam KlasfeldFeb 13th, 2021, 10:52 am
Formally asking a federal bankruptcy judge to reject the National Rifle Association’s “bad faith” petition, New York Attorney General
Letitia James described the gun group’s maneuver as a transparent bid to avoid accountability by an organization that claims to be in excellent financial health.
“This case presents an extraordinary and unique set of facts,” the attorney general’s counsel
James Sheehan wrote in a 41-page legal brief on Friday.
“In the face of the substantial allegations of illegal conduct in the state in which it is chartered, and a pending enforcement action there, the NRA has decided that it can cross state borders with its assets and open up in a different jurisdiction to evade law enforcement action,” it continues. “It has filed for bankruptcy using a newly formed subsidiary, while claiming to be financially solvent, to avoid regulation in the state where is chartered and subject to oversight.”