Consumer Law
NRA Board Member Testifies That He Was Blindsided by CEO’s Bankruptcy Petition
National Rifle Association board member Phillip Journey, a gun-collecting Wichita judge, testified on Tuesday that the group’s executive vice president and CEO Wayne LaPierre’s decision to file for bankruptcy earlier this year blindsided him. The NRA’s chief financial officer and treasury Craig Spray also expressed being caught by surprise by the action.
The NRA’s Chapter 11 petition suggested that the decision was made in consultation with the board during a Jan. 7 meeting this year, but Journey claimed that this assertion was a fraud upon the court, as the judge claims that he and other board members were not informed about that decision.
