NRA: Texas judge mulls whether to dismiss group s bankruptcy petition CNN 5 hrs ago By Sonia Moghe, CNN © SAUL LOEB/AFP/Getty Images Wayne LaPierre, executive vice president and chief executive officer of the NRA, arrives prior to a speech by President Donald Trump at the National Rifle Association Annual Meeting at Lucas Oil Stadium in Indianapolis, April 26, 2019.
For nearly a month, attorneys have argued over whether the National Rifle Association s petition to file for bankruptcy in Texas should be dismissed, and whether its business dealings should be overseen by a court-appointed trustee or an examiner.
The virtual trial in a North Texas bankruptcy court included testimony from top current and former NRA officials, including Chief Executive Officer Wayne LaPierre, who testified on April 7 that he had kept news of the impending bankruptcy filing from the NRA s own general counsel, chief financial officer and other salaried NRA officials.
Texas judge mulls whether to dismiss NRA s bankruptcy petition
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Texas judge mulls whether to dismiss NRA s bankruptcy petition
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Texas judge mulls whether to dismiss NRA s bankruptcy petition
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N.R.A. Leadership and Bankruptcy Assailed by U.S. Trustee
In a rare move, the trustee, part of the Justice Department, called for the dismissal of the N.R.A.’s bankruptcy filing or the appointment of an outside monitor.
The National Rifle Association, facing legal challenges in New York, declared bankruptcy in January and is seeking to reincorporate in Texas.Credit.Jim Lo Scalzo/EPA, via Shutterstock
May 3, 2021
The National Rifle Association’s hopes of end-running a legal challenge in New York were dealt a serious blow on Monday when a Justice Department official rebuked its leadership and called for the dismissal of its bankruptcy filing or the appointment of an outside monitor to oversee its finances.