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NRA bankruptcy case ‘deserves resignation’, NYAG lawyer said in closing arguments

The NRA denied the allegations of financial offenses.

The National Rifle Association “intentionally cheated” its board when it filed for bankruptcy protection in January and its Chapter 11 case should be dismissed, a New York attorney general’s attorney, Letitia James, said on Monday during the closing arguments. in a judgment on the legitimacy of bankruptcy of the NRA.

The NRA filed a lawsuit five months after James sued the arms rights organization and his public face, Wayne LaPierre, for alleged financial misconduct. The lawsuit accused the NRA of misusing millions of dollars in charity funds.

During an 11-day trial in the Dallas bankruptcy court, James’s office and the former NRA advertising agency tried to get the organization’s case dismissed, claiming it was nothing more than an attempt to avoid regulatory oversight. .

“This case was filed in bad faith and deserves to be dismissed,” said Gerrit Pronske, a lawyer representing the New York attorney general’s office.

“The NRA, clearly and indisputably, had no financial reason to declare bankruptcy,” said Pronske during the closing arguments. “The NRA is largely solvent and filing for bankruptcy is an abuse of the jurisdiction of this court.”

The NRA denied the accusations of financial offenses and accused James of being politically motivated.

The attorney general’s case was based, in part, on the testimony of NRA board member Phillip Journey, who described the NRA as a “kingdom” with LaPierre as king.

Journey testified that he did not know about LaPierre’s decision to bankrupt the NRA until after the fact.

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