NRA and Sea Girl?
Nobody I know is a bankruptcy lawyer, but these guys are and these guys say some interesting stuff.
The National Rifle Association filed for bankruptcy in the Northern District of Texas (Dallas). The NRA’s press release says that the purpose of the bankruptcy is to enable the NRA to change from being a New York corporation to a Texas corporation. This is critical to the NRA because the NY Attorney General, who regulates NY non-profits, is seeking to have the NRA dissolved for financial malfeasance.
The NRA swears it’s gonna pay off all its debts and is like Donald Trump promising that he won the election, don’t count on it. I imagine that the NRA head guys and the head guys’ girlfriends have pretty much emptied out every dime they can.
The NRA is claiming it can change the location of their bankruptcy from New York to Texas, where they will be treated so much nicer, because one of their subsidiaries is in Texas. This subsidiary is Sea Girt, LLC, which amusingly was created on November 24, 2020.
There’s plenty more wrong with their whole swamp scam on this deal, but to be honest, I barely understand this much.
I do know that the New York AG is trying to dissolve the NRA and that Wayne LaPierre needs to keep his job and stay outta jail. But, it looks like Mr. LaPierre and the NRA are gonna be seeing a lot of the SDNY before this is over.
I’ve always found it karmic and comic that NRA supporters spent so much money donating to the NRA during the Obama years because Obama was going to take their guns. Well, only that they had less money to buy guns.
Thanks to Alfredo over at the Dairy Queen for the heads up.
CORRECTION: I looked at those LLC papers three times and saw the name of the company as Sea Girl all three times. The correct name is Sea Girt. Apparently Sea Girt has some historic meaning for the NRA. I don’t give a damn. But, I corrected it in the story anyway. Thanks to those who let me know that, like me, they like Sea Girl better.
lol There is “judge shopping” and changes of venue in the normal course of legal maneuvering. Fleeing hundreds of miles to another state, not so much. Why not Somalia?
Too bad Leticia James won’t move her bench, gavel and robes to Texas. Riiiiiiight, Ken Paxton?
1The NRA’s lobbying and political donations is one of the big reasons that it’s legal for people to carry firearms around, including into some state capitals. Of course, any non-white non-right-wingnut person attempting this would not be treated kindly by law enforcement…
Thanks for nothing, NRA.
2Even if we shouted “the NRA is gonna take your money!” their members still would have gone along with it.
It’s almost as if Wayne LaPierre was secretly undermining their 2nd Amendment rights.
3as an NRA member i have problems with board members similar to grover norquist, ted nugent et al, wish it was like in the 1960’s….
4RepubAnon–please don’t forget detesTed’s contribution in pleading the Heller case before the Supreme Court…
5I remember a course in law school on bankruptcies. I learned a few things there:
1. Bankruptcy ain’t volcano eruptcy.
2. If a party in prior dated litigation, permission of the bench is required to proceed with relocation.
3. This isn’t the same as a credit default swap.
Go Chiefs! Roll Tide! May, again, the Pony Express ride!
6Maybe not so fast, there, Wayne-o, The Guardian reports that a major NRA donor, Dave Dell’Aquila, is challenging the bankruptcy filing.
https://www.theguardian.com/us-news/2021/jan/16/nra-donor-bankruptcy-dave-dellaquila-wayne-lapierre
7I wonder if they are bankrupt due to the lack of Russian money flowing into their coffers?
8AG James is claiming authority to sequester assets. There is also going to be a tussle over hidden assets.
Lay in more popcorn.
9This is causing me flashbacks to when my union’s international president thought he could outsmart DOJ’s RICO suit by signing on to a consent decree to rid the union of cosa nostra influence.
He was one of the first to be expelled.
Wayne is making the same blunder
10As my grandma used to say, “Nobody ever moved to Texas because things were going so well somewhere else.”
11Hmmm. A company named after a beach town in New Jersey incorporated in Texas?
12Yea, Ole Wayne thinkin’ if he can just get to Texas, Leticia James won’t get to find that Washing machine he used to launder those Rubles into Dollars to give to the likes of Aunt Pittypat Graham, The Tedster, and the rest of theRethugs that Putin made sure to let know they were in his pocket. He doesn’t know Leticia very well…. silly White Boy……
13Good for correcting “Girl” in the body of the item. And as soon as you correct “Girl” to “Girt” in the title of said item , I’ll give you an A!
14I would respectfully draw Wayne’s attention to the statement of a Texas settler in the 1850s, to wit: “Everything in Texas bites or stings.” Be careful what you wish for Wayne, it might all come true.
15We know the Texas Supreme Court will rule in favor of the bankruptcy if possible but this one ends up in SCOTUS.
16Sam, #16 –
Texas won’t hear any more than the petition. The concomitant decision from the petition advanced at that hearing will be to suspend adjudication, in deference to a prior claim in abeyance in another jurisdiction. The NRA won’t have standing in Texas unless and until it is successful in New York. Think the NRA will win in NY?
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