Q: Are you going to take any legal action in response to allegations of ongoing abuse of charity, and any possibility of fraud charges against LaPierre?
No direct answer, but she says "discovery will continue" in her ongoing case.
Q: Can the NRA reincorporate in Texas, absent a bankruptcy?
A: It cannot absent approval given pending matter in New York.
Question about allegations of selective enforcement of the NRA, in seeking its dissolution:
James: "The NRA continues engaging in mudslinging, but the reality is that the rot runs deep."
"Despite the personal attacks, this has nothing to do with the Second Amendment."
Last question is off-topic: The Cuomo investigation, in particular, his claims of political motivations.
James says they're not taking off-topic questions.
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The NRA filed for bankruptcy in Texas in response to @NewYorkStateAG Tish James's lawsuit in New York seeking its dissolution for violations of state charity law.
Right out of the gate, Judge Hale says that's not what bankruptcy is for.
To file for bankruptcy, the NRA established a Texas entity Sea Girt LLC, which regulators call LaPierre's "wholly owned shell company."
The judge describes the cash-flush group's "somewhat unusual" path to bankruptcy court here.
Gerrit Pronske is delivering summations on behalf of the NYAG:
"This case was filed for a pure litigation strategy purpose: to 'dump New York,' which basically means to escape regulation in the New York proceeding."
Pronske on the NRA bankruptcy case:
"It is a circus sideshow that eventually ends up without succeeding to stop the New York proceeding."