NRA Foe Seeks Dismissal of Bankruptcy, Citing Bad Faith

Gun News


Ackerman McQueen Inc., the ad agency at odds with the National Rifle Association, claims the gun lobbyist’s bankruptcy was filed in bad faith and should be dismissed.

The NRA “did not file this bankruptcy for a legitimate goal of reorganization,” lawyers for Ackerman McQueen wrote in court papers Wednesday, citing the group’s public statements about its financial strength and goal of re-incorporating in Texas. “The NRA’s acts and omissions mandate the dismissal of this bankruptcy on the grounds that the filing was made in bad faith.”

The gun rights lobbyist and the ad agency have been embroiled in a complex legal battle since 2019, the same year the pair cut ties. The NRA has said it needs the protection of bankruptcy court to consolidate a raft of lawsuits. But Ackerman McQueen, which said it’s the group’s largest unsecured creditor, contends those litigation issues are “self-imposed,” pointing to several lawsuits it said the NRA has itself initiated.

“It’s a disappointing, but predictable, response from a terminated vendor and defendant in litigation involving significant claims of wrongdoing,” Michael J. Collins, a lawyer for the NRA, said in an emailed statement. “We will continue to operate within the parameters of the bankruptcy court — to the benefit of the NRA, its members, and its vendors.”

Fraud Allegations

The motion to dismiss comes after a former director for the organization called for an investigation into fraud allegations made against the NRA by New York regulators. Phillip Journey, a Kansas judge and former state legislator, this week asked the NRA’s bankruptcy judge to appoint an independent investigator to determine the truth of claims.

The NRA’s bankruptcy filing last month raised eyebrows among restructuring professionals in part because of the politically charged public statements and claims of financial strength Ackerman McQueen is targeting. The NRA has said the filing will help it exit “a corrupt political and regulatory environment in New York.”

A pending lawsuit from New York Attorney General Letitia James threatens the NRA with dissolution. The group’s bankruptcy attorney has said it will continue to fight the lawsuit.

Ackerman McQueen cites the allegations in the New York lawsuit in its request to dismiss the bankruptcy case. The ad agency also asked for a court-appointed trustee to take control of the NRA if its bankruptcy judge won’t toss the case.

The case is National Rifle Association of America, 21-30085, U.S. Bankruptcy Court for the Northern District of Texas (Dallas). To view the docket on Bloomberg Law, click here. Michael R. Bloomberg, founder of Bloomberg News parent Bloomberg LP, is a donor to candidates and groups that support gun control, including Everytown for Gun Safety.


© Copyright 2021 Bloomberg News. All rights reserved.



Source link

Articles You May Like

Can a Texas Democrat Get Elected on Gun Control?
‘Hope He Rots in Hell’
Biden Hails Crime Drop, Pushes for More Reforms 
Supreme Court hears challenge to Trump-era ban on bump stocks in a major gun control case
Geoff Mann · Give your mom a gun: America’s Favourite Gun

26 Comments

  1. 344146 803751OK first take a excellent look at your self. What do you like what do you not like so significantly. Work on that which you do not like. But do not listen to other folks their opinions do not matter only yours does. Function on having the attitude that this is who youre and if they dont like it they can go to hell. 209649

  2. 396111 483411That being said by use it all, planet is truly restored a bit much more. This situation in addition will this specific Skin tightening and starting to be moved and into the mood of these producing activities. every day deal livingsocial discount baltimore washington 210367

  3. 417786 579868Excellent editorial! Would like took pleasure the certain following. Im hoping to learn to read a whole lot much more of you. Theres no doubt which you possess tremendous awareness and even imagination. I happen to be really highly fascinated making use of this critical details. 656286

  4. 792160 546799I need to admit that that is 1 fantastic insight. It surely gives a company the opportunity to have in around the ground floor and genuinely take part in making a thing particular and tailored to their needs. 67652

  5. 884283 727791I dont believe Ive seen all of the angles of this topic the way youve pointed them out. Youre a true star, a rock star man. Youve got so significantly to say and know so significantly about the topic that I believe you must just teach a class about it 82869

  6. 362173 301543Oh my goodness! an incredible write-up dude. Thank you Nonetheless Im experiencing challenge with ur rss . Don know why Unable to subscribe to it. Is there anyone acquiring similar rss drawback? Anybody who knows kindly respond. Thnkx 207257

  7. 155227 367585We are a group of volunteers and opening a new scheme in our community. Your web site given us with valuable details to work on. Youve done an impressive job and our entire community is going to be grateful to you. 533580

  8. 470588 771435Hi there! Someone in my Myspace group shared this site with us so I came to give it a appear. Im definitely loving the information. Im bookmarking and will likely be tweeting this to my followers! Outstanding weblog and fantastic style and style. 309929

  9. 767426 650497Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch since I found it for him smile Therefore let me rephrase that: Thank you for lunch! 407531

Leave a Reply

Your email address will not be published. Required fields are marked *