NY Vs. NRA: The Verdict

According to a reporter in the courtroom, the jury has just delivered its verdict. LaPierre must repay the NRA $4.4 million, and Phillips must repay $2 million. I’ll update as more info becomes available.

.UPDATE- Jury found against NRA, the corporation, on all counts, from failure to properly administer to whistleblower violations. This makes appointment of a monitor almost certain. Against LaPierre, breach of fiduciary duties, $4.4 million, cause for removal, yes, was his post-employment contract a related party transaction, no. Frazer, breach of fiduciary duties, yes, but no damages, cause for removal, no, false filings with NY, yes. Phillips, breach of fiduciary duties, yes, damages $2 million, post-employment contract a related party transaction no.

Calculation of LaPierre amount: he caused NRA $5.4 million in losses, but repaid a bit over $1 million of that.

Over at Guns and Money, John Richardson gives his take on the verdict.

ANOTHER UPDATE – NRA “leadership” has issued a press release claiming victory! “Decision Validates NRA’s Position Regarding Wrongdoing by Certain Vendors and Insiders.” Certain vendors = people we bankrolled for 20 years, and have no intention of getting the money back. “Insiders” = LaPierre, who we defended for four years, and purged everyone (a president, a first VP, head of ILA, a dozen or so directors) who dared ask for him to be investigated.

Unlike Doc Holiday in “Tombstone,” they cannot say “It appears my hypocrisy has limits.” They really do think they can p**s on our feet and tell us it’s raining.

NRA spent (by John Frazer’s estimate) $100 million in legal fees to get here, lost over a million members, and spent millions trying unsuccessfully to go bankrupt. What a complete disaster! Now we’re going into another election with what was the foremost defender of our Second Amendment rights reeling on the ropes. All so that a handful of overpaid people could take rented helicopters to the NASCAR races, limos to board meetings, and fly in hairdressers and cosmeticians before appearances.

You’ve just got your ballots. Use them.

20 thoughts on “NY Vs. NRA: The Verdict

    1. Brewer didn’t lose. He’s supported every famous anti gun politician for decades. Brewer helped to destroy the NRA. Brewer has hundreds of millions of dollars and a destroyed… nominally pro gun group in his wake. Brewer is laughing his ass off all the way to the bank.

      Liked by 4 people

  1. Frazier:
    * Breach of fiduciary duty: check
    * False filing with state: check

    …but by all means stay in your position in the org.

    How does that make sense?

    Liked by 2 people

  2. no problem repaying the NRA for Wayne with his 17-million dollar golden parachute. It’s a self-licking ice cream cone. And they pay the guys and gals at the NRA range minumum wage!!!!!!

    Liked by 2 people

  3. Well, now we can only hope the judge still appreciates the difference between a membership that was betrayed by its board of directors and the self dealing swine on that board who totally failed in their duties to those association members. With luck we will get a monitor who is intent on fixing the problem and not a person intent on destroying the association in its moment of weakness.

    Liked by 4 people

  4. $6.4 million total out of the close to $1 billion squandered on connected vendors, stupid lawsuits and a slew of other malfeasance 🙄 Barely worth the effort to collect at this point.

    Liked by 3 people

  5. It is not the actual amount of money owed by those convicted at this point. What is the important thing is that it is now public knowledge what we have known all along. WLP and his flying monkeys have been publicly shown to be the criminals that we knew they were.
    I thought that Wayne’s golden parachute was a dead issue, having been ruled not real at a very early judgement.
    One question that I ask of those who are knowledgeable in this sort of thing. In filling out my ballot for the 4 members of the board, I saw one other thing to vote on, that being the change of the by-laws of the NRA. It seems to look like the NRA is trying to CYA by shutting the barn door after the horse is already running free.
    So my question is, should I go with my first thought and vote no, not allowing them to point to this and say, ” but look, we are fixing things.” Or is it better to vote for this change, hoping that in the future this new oversight committee will make for a stronger NRA? Any input is very much appreciated, even if there are several differing opinions.
    And at least now we are seeing the end in sight, hopefully allowing the NRA to change into the group that is needed for the 21st century to help gun owners everywhere learn about the importance of being involved and of teaching safety and sending a pro gun message whenever possible.

    Liked by 3 people

    1. I support the by-law change. As you said it’s closing the barn door after its’s empty – but we need to start reforms somewhere and this is a reasonable step.

      Liked by 3 people

  6. An appeal would require the posting of an appeal bond. Since the 3 individual defendants who went to trial were found by a jury to have committed misconduct against the corporation NRA, the corporation NRA may balk at paying their appellate attorney fees and costs.

    The jury evaluated evidence regarding the NRA and three individual defendants in the case: Wayne LaPierre, the longtime head of the NRA; its former treasurer and chief financial officer Wilson Phillips; and John Frazer, who is still serving as the group’s corporate secretary and general counsel.

    The jury found that all three defendants had violated state nonprofit statutes and breached their fiduciary duties.

    It also found that the NRA had ignored whistleblower complaints and retaliated against the whistleblowers, submitted false filings and failed to properly oversee its charitable funds. The NRA was found liable for making false statements in mandatory regulatory filings, as was Frazer.

    Phillips was ordered to pay $2 million back to the NRA. Although the jury did not find that there was enough evidence against Frazer to remove him from his current position as corporate secretary, it did find both Frazer and Phillips had violated their duties as corporate officers of the NRA.

    Another defendant, LaPierre’s former chief of staff Joshua Powell, settled the case against him on the eve of the trial and agreed to testify against his former employer, the NRA. Powell must repay the NRA $100,000 and is permanently barred from serving in any fiduciary capacity at charitable organizations in New York state.

    Liked by 3 people

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