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The New York Attorney General does not have a plan in place for what to do with the National Rifle Association’s assets if the gun rights organization is dissolved, according to a lawyer for the state’s top legal officer.
Assistant New York Attorney General William Wang made the statement in a deposition that was read aloud on Thursday during the ongoing trial in Dallas, Texas over the legitimacy of the NRA’s bankruptcy. New York Attorney General Letitia James has asked U.S. Bankruptcy Judge Harlin Hale to dismiss the Chapter 11 case, saying it was filed for improper purposes under bankruptcy law.
The NRA’s lawyers have framed the bankruptcy as a legitimate move to a more friendly political environment and avoid a legal death blow; New York’s attorneys have argued it is an effort by Mr LaPierre and other executives to duck accountability for using the nation’s most politically influential gun-rights group as a piggy bank.
As the hearing on New York’s request that the case be thrown out resumed on Wednesday morning, Judge Harlin Hale called it “the most important motion I’ve ever heard as a judge”.
The NRA declared bankruptcy five months after New York Attorney General Letitia James sued seeking the group’s dissolution.
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National Rifle Association CEO Wayne LaPierre acknowledged in Texas bankruptcy court on Wednesday that he made a “mistake” by not disclosing a yacht trip he was provided by the owner of companies that have done business with the gun rights organization.
LaPierre’s statements came during his testimony on the third day of a virtual trial before U.S. Bankruptcy Judge Harlin Hale in Dallas on motions to dismiss the NRA’s Chapter 11 case from New York Attorney General Letitia James and the NRA’s former ad agency, Ackerman McQueen. James and Ackerman contend that the case was not filed for legitimate purposes under bankruptcy law. The NRA had said in January that it was seeking bankruptcy protection to help it exit what it deemed a corrupt political and regulatory environment in New York.
NRA boss says he didn t tell group leaders before bankruptcy
Lapierre did not explain why the move to file Chapter 11 bankruptcy in January was mostly kept secret. Author: JAKE BLEIBERG Associated Press Published: 5:38 AM EDT April 8, 2021 Updated: 5:38 AM EDT April 8, 2021
DALLAS
Editor s Note: The video above is from January 15, 2021.
Wayne LaPierre, the embattled leader of the National Rifle Association, said Wednesday that he put the powerful gun-rights group into bankruptcy without first informing most of its board members and top officials.
LaPierre took the witness stand in the NRA s high-stakes bankruptcy trial over whether it should be allowed to incorporate in Texas instead of New York, where a state lawsuit is trying to put the group out of business.