NRA Bankruptcy Filing Dismissed By Judge as Bad Faith

Federal Judge Harlin Hale of the U.S. Bankruptcy Court, N.D. Texas dismissed a bankruptcy filing by the NRA on May 11. The organization filed for bankruptcy in January 2021 to ease its path to reincorporating in Texas.

But New York State Attorney General Letitia James said the organization was attempting to evade her office's ongoing investigation. James accused the nonprofit organization of corruption. She alleged that funds collected for use by the organization instead went into the pockets of those in charge.

One of the bigger offenders was Wayne LaPierre, the NRA's current CEO. LaPierre admitted in court he filed without consulting the board or then-CFO Craig Spray. The admission was a major factor in Judge Hale's decision, who expressed concern over the methods and the motiva...

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