GW: NRA insiders explain their sides here…
Saying the sole purpose for the NRA’s bankruptcy filing in Texas was “to gain an unfair litigation advantage” and “avoid a state regulatory scheme” Bankruptcy Judge Harlan “Cooter” Hale summarily tossed the National Rifle Association’s bankruptcy filing yesterday.
The rejection validates the assertions of current and former “dissident” NRA Board Members, the New York Attorney General’s office and the NRA’s former ad agency, Ackerman McQueen. Each group characterized the filing as being in “bad faith” with had no valid purpose other than to “take dissolution off the board” in the New York Attorney General’s case against the NRA and LaPierre.
It also wastes millions more in NRA member funds, adding to growing calls for reform at the nation’s oldest civil rights organization.
The immediate question, however, is whether or not it is already too-late for reform. Or what longtime NRA head LaPierre’s next step will be.
He is, after all, not prohibited from filing another bankruptcy petition. Refiling was not prohibited under Judge Hale’s ruling, but it was clear that should the NRA refile, “this court would immediately take up some of its concerns about disclosure, transparency, secrecy, conflicts of interest of officers and litigation counsel, and the unusual involvement in litigation counsel in the affairs of the NRA.”
What’s that mean? Essentially, if the NRA does refile, he would appoint a trustee to oversee the group.
That would effectively remove LaPierre and other managers from control of the organization. Read more