Logo

A New York judge decided not to regulate the NRA after a 4-year case.

TraderKnows
TraderKnows
07-30

Recently, a judge at the Manhattan Supreme Court decided not to impose external oversight on the National Rifle Association and ordered the former CEO to compensate the association.

A New York State judge has decided not to impose external oversight on the National Rifle Association (NRA), marking a victory for the gun rights organization. At the same time, the judge has barred former CEO Wayne LaPierre from holding any NRA office or directorship for 10 years.

Judge Joel Cohen of the Manhattan Supreme Court made this decision on Monday, yielding a mixed result for state Attorney General Letitia James, whose civil case has been ongoing for four years.

In the second phase of the trial, Cohen ruled without a jury.

In the first phase, a jury in February this year found that LaPierre and others had engaged in financial mismanagement over the years, including funding LaPierre's lavish lifestyle with luxury travel and expensive clothing.

The jury ordered LaPierre to repay $4.35 million to the NRA, while retired financial executive Wilson Phillips was required to repay $2 million.

James stated that the judge instructed both parties to negotiate governance changes that could lead to a smaller board size and make it easier for candidates to run for board seats.

In August 2020, James sued the NRA under her authority to regulate nonprofit organizations registered in New York.

She claimed the organization was plagued by greed, lax oversight, and cronyism aimed at benefiting insiders and consolidating power.

"After years of corruption, the NRA and its senior leadership are finally being held accountable," James said after Cohen's decision.

SKYPE TU

公众号2

风险提示及免责条款

市场有风险,投资需谨慎。本文不构成个人投资建议,也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资,责任自负。

全文完

相关百科

Macroeconomics

Macroeconomics is the study of the overall economic activities of a country or region, focusing on the aggregate behavior and performance of the economy.

相关企业

风险提示

交易圆百科是一家金融领域百科媒体,所展示的信息来自公开网络或用户上传,交易圆百科不推荐任何交易平台或品种。对于因信息使用导致的交易纠纷或损失,交易圆百科概不承担责任。请注意,展示的信息可能有滞后性,用户应独立核实以确保信息准确性。

Logo

Contact Us

Social Media

footer1