Whether your business dealings should be supervised by an inspector appointed by the court
For nearly a month, lawyers have been debating whether the National Rifle Association (NRA) petition for bankruptcy in Texas should be revoked, and whether the commercial transactions should be supervised by a court-appointed examiner. Released by CNN.
The virtual trial in the North Texas Bankruptcy Court may include the testimony of current and former senior NRA officials, including CEO Wayne LaPierre, who testified on April 17, but did not inform him of his choice of bankruptcy. , Chief Financial Officer and other NRA officials.
New York Attorney General Letitia James asked bankruptcy judge Harlin Hale to dismiss the bankruptcy petition, calling it “a way for the NRA to circumvent regulatory oversight.”
Texas Attorney Gerrit Pronske, representing the James Court’s office, argued in the closing debate on Monday that the bankruptcy petition should be filed in “bad faith” and rejected, and to the NRA members on the day the organization filed for bankruptcy Issue an open letter. LaPierre wrote in it: “The NRA is not bankrupt, it is closing its business activities.” LaPierre (LaPierre) signed a letter saying: “As in the past few years, our financial strength is very strong.”
NRA lawyer Gregory Garman (Gregory GArman) argued on Monday that the organization “has a $40 million lawsuit in the future without having to finance it.” However, Pronske objected that the financial The report shows that the NRA “has enough money on hand.”