Trial over NRA bankruptcy begins

Trial over NRA bankruptcy begins

A Texas trial to determine whether the National Rifle Association should be allowed to seek bankruptcy kicked off Monday — with New York prosecutors slamming the financial move as a “masterclass in bad faith,”

The gun-rights group filed for Chapter 11 bankruptcy in January as it was waging a bitter legal battle with New York Attorney General Letitia James’ office — which sued to break up the NRA over claims that top execs were misusing funds to fund live lavish lifestyles replete with exotic trips, private jet flights and expensive meals.

But the AG’s office doesn’t buy that the organization is financially struggling, Assistant AG Monica Connell said during opening statements held by video in Texas federal Bankruptcy court Monday.

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NRA CEO Wayne LaPierre’s announcement that he was moving the group from New York to Texas and filing for bankruptcy protection, is a “masterclass in bad faith and dishonest conduct,” Connell said according to a report by Law

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