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Lithos

(26,403 posts)
1. Just reincorporating in Texas
Sat Jan 16, 2021, 01:02 PM
Jan 2021

So, wherever they think the best Judge is. The physical parts will likely remain as is. I did hear they found what they think is a friendly judge in Dallas.

Mopar151

(9,985 posts)
6. Need that 4-star hotel choice, ready access to private aircraft
Sat Jan 16, 2021, 01:24 PM
Jan 2021

Maybe they can get a deal with a "televangelist" on a share-lease for planes, rube-fleecing resources,etc.

mitch96

(13,912 posts)
7. Yup, prolly the redest part of the state with all the "amenities they need to do their grifting.. nt
Sat Jan 16, 2021, 01:31 PM
Jan 2021

NCjack

(10,279 posts)
2. My guess is NRA will locate near the highest concentration of
Sat Jan 16, 2021, 01:02 PM
Jan 2021

corruptible politicians in Texas. That is Austin.

douglas9

(4,358 posts)
8. The NRA says it's moving to Texas. Bankruptcy experts say it may be more of a legal move than a phys
Sat Jan 16, 2021, 01:54 PM
Jan 2021

The National Rifle Association filed Chapter 11 bankruptcy Friday and said it would eventually reincorporate in Texas — a move experts say is a legal maneuver to escape an aggressive lawsuit being pursued by the New York attorney general.

Officials in Texas — which is known as both a gun-friendly and debtor-friendly state — welcomed the NRA’s announcement Friday, embracing the NRA’s stance that it is fleeing a “toxic political environment” in New York.

In August, New York’s attorney general filed a lawsuit against the organization alleging decades of fraudulent use of the NRA’s funds by its executives. New York Attorney General Letitia James accused NRA leaders of knowingly signing off on fraudulent statements.

snip>

The move to Texas, legal experts said, will likely be on paper.

“They probably figured they’d have a more friendly judge in Texas,” said Josh Wolfshohl, a bankruptcy attorney at Porter Hedges LLP in Houston.

“They’re trying to do a preemptive strike” against New York, said Sidney Scheinberg, a bankruptcy attorney at Godwin Bowman PC in Dallas. “It’s a clever maneuver. Whether it’s going to work, I don’t know.”

https://www.texastribune.org/2021/01/15/texas-nra-bankruptcy-fraud/

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