Courthouse News reports:
Wayne LaPierre’s more than three-decade reign as the CEO of the National Rifle Association has been marred by controversy. Besides a number of corruption scandals with LaPierre at the helm, today’s NRA faces issues like declining membership and revenue.
But it’s a lawsuit from New York Attorney General Letitia James that could prove to be the gravest threat to LaPierre’s legacy. James sued LaPierre and three other NRA executives in 2020, accusing them of misappropriating the gun rights nonprofit’s funds to finance gaudy luxuries for LaPierre and other higher-ups.
James claims LaPierre for years used the NRA as his “personal piggy bank,” using donor money to fund African safaris and trips to the Bahamas — often by private jet.
The New York Times reports:
When the N.R.A. filed for bankruptcy in Texas nearly three years ago, the step was part of a strategy to move to the state amid the New York investigation. But a Texas judge dismissed the case, saying the N.R.A. was using the filing “to address a regulatory enforcement problem, not a financial one.”
Now, longtime insiders say, the organization may be reaching a point where a legitimate bankruptcy filing is necessary.
Ms. James seeks to use her regulatory authority over nonprofit groups to impose a range of financial penalties against the defendants and to remove Mr. LaPierre; any money recovered would flow back to the N.R.A. The trial is expected to last six to eight weeks.
Jury selection began yesterday and the trial is scheduled to start on Monday.
NRA faces ‘existential’ New York trial that threatens its future @Uebey https://t.co/dikIn26YHJ
— Courthouse News (@CourthouseNews) January 2, 2024
A five-judge panel of the Appellate Division in Manhattan unanimously rejected the NRA’s bid to end a corruption probe by New York Attorney General Letitia James, 1-1/2 weeks before a scheduled Jan. 8 trial https://t.co/4NiAuZOQcc pic.twitter.com/jZWXXIP3wU
— Reuters Legal (@ReutersLegal) December 29, 2023