A judge on Tuesday dismissed the National Rifle Association’s (NRA) bankruptcy case, ruling that the organization cannot use the bankruptcy code to relocate from New York, where it faces a lawsuit, to Texas, a more gun-friendly state.
“The question the Court is faced with is whether the existential threat facing the NRA is the type of threat that the Bankruptcy Code is meant to protect against. The Court believes it is not,” U.S. Judge Harlin Hale wrote in the decision.
“The Court finds there is cause to dismiss this bankruptcy case as not having been filed in good faith both because it was filed to gain an unfair litigation advantage and because it was filed to avoid a state regulatory scheme,” Hale added. Continue reading.