’s website, saying the group is “dumping” New York and moving to Texas to be “free from the toxic political environment of New York.”
“Today, the NRA announced a restructuring plan that positions us for the long-term and ensures our continued success as the nation’s leading advocate for constitutional freedom — free from the toxic political environment of New York,” he wrote. “The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas.”
LaPierre told NRA members that the Chapter 11 filings “are often utilized by businesses, nonprofits and organizations of all kinds to streamline legal and financial affairs.”“Under the plan, the NRA will continue what we’ve always done — confronting anti-gun, anti-self-defense and anti-hunting activities and promoting constitutional advocacy that helps law-abiding Americans,” he wrote. “Our work will continue as it always has. No major changes are expected to the NRA’s operations or workforce.
Amy Schumer, Greg Berlanti, Ben Platt, Rosie O’Donnell, Julianne Moore and Issa Rae were among the more than 100 Hollywood A-listers that sent a letter in January 2020 imploring companies to stop donations to NRA-supported politicians.
Just moving to Texas, right? Optics seem to make this look like they’re shutting down which is far from the case.
They will just reopen in another state. Btw one post was sufficient. Are we on 10 reposts now?
Their moral bankruptcy had happened a lot earlier, this is the just financial one!
WOW!!
Not that I give one iota for the NRA, and it's actually good news because private citizens owning guns is a problem end of story. However, just wondering why Variety which is supposedly about entertainment is becoming more and more political with their posts.
good 🙏🙏🙏
Hahahaha they just fooledd the NYC AG. hahahahahah they won't lose any employees and they're moving their business to Texas. This is after the AG said they are working to dissolve the NRA. They NYC cant do shit now. Hahahahaha
Yeah, and any day now I’ll win the lottery, the moon is made of cheese, love conquers all, I’ve some swamp land on sale for cheap in Florida’s that going to be the next big thing, there’s no climate change, and, Trump’s normal. Yeah, let’s all believe this, right? *sarcasm*
Wow. Republicans are going through rough times right now.
Texas is likely to become one of the most dangerous places in the world, agencies should take a look at it
Morally?
Good ! Hope they stay bankrupt for a very long time. There's pandemic going on.
Does that mean, you will finally get better laws for your boom boom sticks.
more guns than cents. I forget, which amendment was it that afforded big government bailout protection?
Wonderful news!
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National Rifle Association Files for Bankruptcy, Announces Move From New York to TexasOLIVIER DOULIERY/GettyThe National Rifle Association filed for bankruptcy on Friday.In a letter to members, Wayne LaPierre, the head of the notorious gun lobby group, wrote, “The plan aims to streamline costs and expenses, proceed with pending litigation in a coordinated and structured manner, and realize many financial and strategic advantages.”The group will apparently relocate from the “toxic political environment of New York,” where it is now registered as a nonprofit, to Texas. It is physically headquartered in Fairfax, Virginia. For his part, LaPierre referred to the bankruptcy filing and reincorporation in the Lone Star State as a “restructuring plan.” The virulently pro-gun organization has been plagued by infighting among it executive ranks and legal troubles over the past year, and was sued for fraud by the New York Attorney General in August. The attorney general alleges senior executives used millions in NRA funds for personal purchases like private jets and is seeking to dissolve the organization. The NRA has countersued. Washington D.C. Attorney General Karl Racine has also sued the NRA’s charity arm over alleged misuse of donations.LaPierre wrote on Friday that Texas “appreciates the contributions of the NRA,” where it boasts 400,000 members. LaPierre strenuously attempted to frame the “voluntary Chapter 11 proceedings” as a positive development, despite years of rough financial news. The organization’s bankruptcy court petition listed assets and liabilities of up to $500 million each, Bloomberg reports. The NRA laid off dozens of employees and cut the pay of dozens more in May 2020 because the coronavirus pandemic kneecapped its in-person fundraising efforts. In a 2018 court filing, the organization wrote that regulatory challenges, particularly in New York, might render it “unable to exist.” In the same filing, the NRA disclosed it had overspent its budget by $46 million. “You know that our opponents will try to seize upon this news and distort the Why Texas? They should cease to exist. Totally. bankruptcy must be another contagious Trump virus. They shouldn't have endorsed him. Awwwww 🤣😂
Source: YahooNews - 🏆 380. / 59 Read more »
National Rifle Association Files for BankruptcyThe National Rifle Association filed for bankruptcy protection and plans to restructure as a Texas-based nonprofit amid a legal battle with New York's attorney general Texas is a messed up state as GOP reps reveal. So going to state that matches its mindset. Hopefully they'll go under. Anybody bothered to follow their funds? I'm still wondering about their Moscow visits, which seem to copy those of French Marine LePen and a need for donations.
Source: WSJ - 🏆 98. / 63 Read more »
National Rifle Association files for Chapter 11 bankruptcyBREAKING: National Rifle Association files for Chapter 11 bankruptcy. It's more than likely all the is off shore. 😂😂😂 shut the front door ... the NRA file for bankruptcy? What happened to all of your Capitol riot subscribers? Hiring thieves guarding the bank will do that ...
Source: ABC - 🏆 471. / 51 Read more »
National Rifle Association files for bankruptcy, seeking to escape New York lawsuitThe National Rifle Association on Friday filed for bankruptcy, a sudden development that could help the gun rights group escape a lawsuit by New York's attorney general seeking its dissolution. ny ag said NOPE So the bullies are showing they're cowards. What a suprise. oh, how the mighty have fallen. :p
Source: Reuters - 🏆 2. / 97 Read more »
New York's top lawyer vows to not let National Rifle Association evade oversightNew York state Attorney General Letitia James on Friday said in a statement that she would not allow the National Rifle Association to use its bankruptcy proceedings to evade her office's oversight. Was just thinking about her and this issue! Good to know. TrueFactsStated Donald Trump, Don Jr, Ivanka, Eric Trump, and the NRA need to be held accountable.
Source: Reuters - 🏆 2. / 97 Read more »