Justice Department bankruptcy lawyer says LaPierre failed to provide oversight of NRA
A Justice Department attorney said National Rifle Association chief Wayne LaPierre failed to provide adequate oversight of the gun rights organization and management should be cut or curtailed if a bankruptcy judge allows the NRA to stay in Chapter 11.
The government’s attorney’s criticism of the NRA’s management came after a month-long bankruptcy lawsuit, supporting New York Attorney General Letitia James’ argument that Mr. LaPierre placed the NRA in Chapter 11 in an attempt to evade responsibility for spending abuses, which he and the NRA have denied.
Ms James filed a lawsuit to dissolve the NRA in August and is seeking either to have the Chapter 11 case dismissed or to bring in an independent trustee to take over the NRA in the event of bankruptcy.
The lawsuit ended on Monday with pleadings in U.S. Bankruptcy Court in Dallas, which presented very different views of what is expected to happen to the 150-year-old group. New York and federal authorities as well as the former NRA advertising agency argue that the nonprofit is poorly managed and that an independent trustee is needed to rule over Mr LaPierre.
The NRA, meanwhile, said Mr. LaPierre and his prodigious fundraising is his most valuable asset, that his board is independent and that he has a plan to strengthen his corporate governance and restructure. his affairs through chapter 11, set up operations in what he says. is Texas’ friendliest jurisdiction.