NRA and LaPierre’s Fate Lies in Hands of Texas Bankruptcy Judge
- Gun group seeks Chapter 11 protection, move to Lone Star state
- The risks: Judge may name trustee, even kick NRA out of court
Photographer: Daniel Acker/Bloomberg
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The National Rifle Association, long a feared power broker, will learn its fate next week in a court ruling that could hobble the gun rights group and imperil the three-decade reign of its controversial boss, Wayne LaPierre.
The judge is weighing several options. He could let the NRA’s bankruptcy case go forward, giving the group a measure of refuge from a New York lawsuit that threatens its assets and even its existence. He could put the group under the control of a trustee, empowered to make decisions about its finances and its future. Or, in a highly unusual move, he could throw the NRA out of bankruptcy court altogether.