The bankruptcy court for the Northern District of Texas has dismissed the National Rifle Association's bankruptcy petition as a sham meant to avoid the New York Attorney General's case against them:
"The question the Court is faced with is whether the existential threat facing the NRA is the type of threat that the Bankruptcy Code is meant to protect against. The Court believes it is not," U.S. Bankruptcy Judge Harlin Hale wrote in a 38-page decision.
The group filed for bankruptcy in January at the direction of the NRA's chief executive, Wayne LaPierre — and unbeknownst to some of the organization's board of directors and top officials.
"What concerns the Court most though is the surreptitious manner in which Mr. LaPierre obtained and exercised authority to file bankruptcy for the NRA. Excluding so many people from the process of deciding to file for bankruptcy, including the vast majority of the board of directors, the chief financial officer, and the general counsel, is nothing less than shocking," the Northern District of Texas judge wrote.
Bankruptcy judges tend not to take a lot of bullshit. I'm pretty sure Judge Hale not only found the NRA's petition baldly disingenuous, but he probably also believed that the NRA chose to file in his court because Wayne LaPierre thought a court in Texas might have some sympathy for the gun-rights organization. Maybe Hale does; but that clearly didn't translate into sympathy for LaPierre.
Pass the popcorn.