NEW: A federal judge in Texas dismissed the NRA’s bankruptcy case Tuesday, finding the petition was aimed at gaining an 'unfair litigation advantage' in a lawsuit brought against the organization by the New York attorney general’s office.
and accusing top executives of"years of illegal self-dealings" that funded a"lavish lifestyle." The NRA has called the suit an"unhinged and political attack."
"The question the Court is faced with is whether the existential threat facing the NRA is the type of threat that the Bankruptcy Code is meant to protect against. The Court believes it is not," U.S. Bankruptcy Judge Harlin Hale wrote in a 38-page decision. The group filed for bankruptcy in January at the direction of the NRA's chief executive, Wayne LaPierre — and unbeknownst to some of the organization's board of directors and top officials.
"What concerns the Court most though is the surreptitious manner in which Mr. LaPierre obtained and exercised authority to file bankruptcy for the NRA. Excluding so many people from the process of deciding to file for bankruptcy, including the vast majority of the board of directors, the chief financial officer, and the general counsel, is nothing less than shocking," the Northern District of Texas judge wrote.
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