Closing arguments in the National Rifle Association‘s dismissal trial are set for today (3 May) at 8am CT in the US District Court for the Northern District of Texas. The trial has already lasted 11 days, starting with opening arguments on 5 April and continuing with testimony and evidence throughout the month.
New York Attorney General Letitia James and Ackerman McQueen, an advertising agency that is the company’s largest creditor, have moved to dismiss the case, arguing that Executive Vice President Wayne LaPierre placed the company into bankruptcy in bad faith in order to skirt regulatory oversight and lawsuits.
The NRA has denied the allegations, saying instead that it properly sought bankruptcy protection to reorganize in Texas, which it views as having a less hostile regulatory environment than New York.
The hearing is expected to last seven-and-a-half hours, with the NRA getting three hours to make its case and James and Ackerman set to go for one-and-a-half hours each. The remaining time is set aside for the unsecured creditors committee, the office of the US Trustee, and board member Phillip Journey, who filed a motion to appoint an examiner.
Today’s bloggers are Taylor Harrison and Dietrich Knauth