The New York attorney general s office argued in court on Monday that top officials at the National Rifle Association (NRA) declared bankruptcy in January to avoid oversight, saying that the bankruptcy case should be dismissed.
ABC News and Bloomberg reported that Gerrit Pronske, an attorney with Attorney General Letitia James s (D) office, argued that the filing from the NRA is a “poster child of bankruptcy filed in bad faith, and pointed to statements from the organization itself touting its financial health as well as testimony from a board member who said that CEO Wayne LaPierre made the filing without informing the board.
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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.