Thread by @timkmak

NEW: A federal judge has dismissed the NRA's bankruptcy case, finding that the NRA was just using the bankruptcy as a vehicle to avoid the New York AG's attempt to dissolve it for alleged corruption

The federal judge said the NRA did not file the bankruptcy case in good faith, and "agrees with the NYAG that the NRA is using this bankruptcy case to address a regulatory enforcement problem, not a financial one."

The end result in this effort to avoid the New York AG?

-NRA spent millions of dollars on a bankruptcy trial (they've spent $72 MILLION in less than three years in legal fees)

-Their embarrassing dirty laundry is aired for the public

-They're right back where they started

So what's next?

The NRA is embroiled in litigation on numerous fronts, incl with their fmr president Oliver North, with their former ad firm Ackerman McQueen, and most prominently the case in which the NY AG is trying to dissolve the org entirely

It should go without saying that the dismissal of the bankruptcy means that the NRA's risk for being shut down entirely has risen today

Area reporter trying to finish his book on the National Rifle Association, begging for news cycle to pause

Here's my latest:

Judge Dismisses NRA Bankruptcy Case, Heightening Risk For Dissolution Of Group

I'll also be on @npratc All Things Considered this hour talking about the latest developments

npr.org/2021/05/11/995…

@npratc NY AG Letitia James on a press call on NRA now -- says she expects a 2022 trial ... and her office is seeking:

--removal of Wayne LaPierre
--restitution, penalties
--dissolution of the NRA

@npratc NRA's Wayne LaPierre responds to bankruptcy ruling:

“Although we are disappointed in some aspects of the decision, there is no change in the overall direction of our Association... We remain an independent organization... NRA will keep fighting, as we’ve done for 150 years.”