NY Lawsuit: Court Ruling
Here is today’s main ruling. The court strikes 13 of NRAs affirmative defenses, plus several by the individual defendants. In separate rulings, the court denied Josh Powell and Woody Phillips’ motions to dismiss. Looking at NRA’s Answer, the defenses that the court struck included: All claims relating to the First Amendment and the NY Attorney…
A Good Question
We’ve written on this before, when the insurer cancelled, when a replacement was supposedly found, and when details were revealed. The present Directors and Officers liability policy is all but worthless. It excludes almost everything a director might be sued over, and is too small. Its only use is to allow “leadership” to falsely reassure…
RIP Bart Skelton
He passed on, young age of 62. His obit. He was an NRA director with integrity, had zero tolerance for corruption in any form. So he got purged, rejected by the Nominating Committee. Years ago, while an Assistant Agent in Charge in DHS, he heard reports of ATF’s Operation Fast and Furious, and made sure…
Col. Willis Lee on the NRA
At last month’s annual meeting, Willis Lee was 1st Vice President, president Charles Cotton was term-limited, and so Lee would have been elected president by the board. That didn’t happen, our best guess is that Lee was seen as “unreliable” by NRA’s “leadership” — that is, he wasn’t 100% blindly loyal, and they expect 100%…
Pondering Events Of Last Board Meeting
There was one shocker. Willis Lee, 1st VP, with president Charles Cotton being term-limited, should have become president. Reports have it he was blind-sided by what happened — first, Bylaws and Resolutions passed a bylaw amendment to let Cotton serve a third term, and then Nominating Committee un-nominated him, either for presidency or 1st VP.…
NRA Annual Meeting
The plan to amend the bylaws to let Charles Cotton run for a third term as president succeeded. We’d earlier guessed that the inner circle might (for some unknown reason) be chary of letting 1st VP Willis Lee follow him as president. That surely is the case, since Lee was not re-nominated as 1st VP.…
DC Suit Against NRA Foundation
NRA Foundation is a DC corporation, and the DC Attorney General has challenged its actions in deciding to lend several million to NRA itself. The argument is that most of the Foundation’s directors are also NRA directors, and so have a conflict of interest when the two entities have dealings. As NRA directors, they must…
NRA’s Directors’ Liability Insurance
We’ve posted on the subject in the past. A nonprofit’s directors are legally liable whenever they fall short in their fiduciary duties to the organization, the duty to put the organization’s interests first. With NRA, we’re talking about a once big organization that is now facing insolvency and disaster, not to mention a big lawsuit,…
Frank Tait Letter To The Board
Frank Tait gained a temporary seat when Dave Butts passed away; his term ends tomorrow, with the directors’ meeting after the annual meeting. He sent a letter to the other members of the board, which Only Guns and Money discusses. The letter is insightful, which means most won’t read it; they might learn what they…
Major Vendors
NRA’s major vendors, over seven years, from an expert witness report: The first four are David McKenzie’s companies. They made $110 million! Letting the LaPierre’s use his yacht was a good investment. The next three are Ackerman-McQueen linked. They made a total of $163 million. The next three are Gayle Stanford and her two companies.…
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NRA in Danger 