Federal Judge Dismisses NRA Bankruptcy Case; ‘Not in Good Faith’ Ammoland Inc. Posted on
Federal Judge Dismisses NRA Bankruptcy Case; ‘Not in Good Faith’ IMG NRA-ILA
U.S.A. –-(AmmoLand.com)- A federal bankruptcy judge in Texas has handed the National Rifle Association a stinging defeat in the organization’s effort to leave New York State, where it has been incorporated since 1871, and relocate in Texas.
The ruling by Judge Harlin Hale sets the stage for New York State Attorney General Letitia James to move ahead with her lawsuit that seeks to dissolve the association, according to Bloomberg News. The ruling came after 11 days of trial in Texas. Earlier this year, NRA filed for bankruptcy, telling members that it was part of a strategy to relocate to the Lone Star State.
By Syndicated Content
By Maria Chutchian
(Reuters) â A lawyer for New York Attorney General Letitia James called the National Rifle Associationâs bankruptcy bid âa circus sideshowâ during closing arguments on Monday in a case over whether to allow the NRA to reorganize in the gun-friendly state of Texas.
The NRA filed for Chapter 11 in January, saying it planned to use the bankruptcy process to exit what it has called a corrupt political and regulatory environment in New York, where is it currently incorporated.
It is attempting to fend off a lawsuit to dismiss the Chapter 11 case by James and the groupâs former ad agency, Ackerman McQueen.
By Jonathan Stempel NEW YORK (Reuters) - The National Rifle Association filed a countersuit against New York Attorney General Letitia James, saying sh.