Wow. The NRA has spent nearly $8 million on Bill Brewer's law firm and former top lobbyist Chris Cox's lawyers in the dispute over whether to pay Cox $2 million in severance.
The closing arguments in the NRA's bankruptcy trial are going on right now. This stat was brought up by the New York Attorney General's closing arguments on why the case should be dismissed. You can watch live here: us-courts.webex.com/webappng/sites…
The judge is deciding today whether the NRA can use bankruptcy to protect itself from the AG's attempt to dissolve it in New York court. I wrote about why the obvious answer is "no" but it may go the other way in the latest members' newsletter: thereload.com/members-newsle…
The U.S. Trustee, which represents the DOJ in bankruptcy cases, argued in their closing the judge should either dismiss the NRA case outright, appoint a trustee to run the group during bankruptcy, or appoint an examiner to audit the group.
Those are the different options being asked for by the New York AG, former NRA contractor Ackerman McQueen, and the disgruntled NRA board members respectively. The U.S. Trustee is opposed to letting the bankruptcy continue under the current leadership as the NRA has requested.
The unsecured creditors' committee is siding with the NRA. It wants the bankruptcy to go forward with the NRA's current leadership in place. They don't want an examiner appointed either. Although, not all members of the committee seem to agree.
The lawyer for committee member David Dell'aquila, a former NRA donor who filed a class-action lawsuit against the NRA over accusations of financial impropriety, said he wants a trustee appointed to displace NRA management.
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