Court Rules No Financial Monitor For NRA

by
posted on July 29, 2024
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
Nra Logo Blue

A New York judge has ruled that there will be no court-appointed overseer to monitor National Rifle Association, denying New York Attorney General Letitia James' request for further oversight of the organization. Judge Joel Cohen also ruled that former NRA EVP & CEO Wayne LaPierre will be barred from working for the NRA in an official capacity for 10 years instead of the lifetime ban requested by James.

“The NRA is moving forward, full speed ahead,” NRA EVP & CEO Doug Hamlin said. “We have a mission to fulfill and elections to win up and down the ballot. This is a major step toward rebuilding the trust of the members, donors, industry and our staff.”

The bench trial that ended on July 29 marks the end of years of litigation and is also the culmination of the trial's second phase. The first phase of the trial ended in February of this year when a jury ruled that the NRA was victimized by certain former vendors and “insiders” who abused the trust placed in them by the Association. The jury also found LaPierre violated his statutory obligation to discharge the duties of his position in good faith and with care. Former CFO Wilson "Woody" Phillips was also found guilty of violating his duties. LaPierre and Phillips were ordered to pay back $5.4 million and $2 million, respectively, to the NRA.

"As the NRA committed to the court, we will continue to pursue improvements to our commitment to good governance,” NRA President Bob Barr said. “We thank the board for its support and salute our loyal members. Freedom prevails again."

This trial's conclusion also makes it possible for the NRA to move forward with its course correction, which involves new compliance procedures overseen by Chief Compliance Officer Bob Mensinger. Newly elected EVP & CEO Doug Hamlin has reaffirmed his commitment to grow the organization and restore the trust of NRA members.

"As we move forward, my primary objective is to restore the trust of our members, our industry, our donors and our staff," Hamlin said in an introductory email to NRA employees. "Once our members see we are making progress with the changes resulting from the efforts of our Board of Directors, they will come back in significant numbers."

This article has been updated with statements from NRA EVP & CEO Doug Hamlin and NRA President Bob Barr.

Latest

Murdoch EM85 01
Murdoch EM85 01

The Murdoch & Co. EM85: An SA80 for America

Most modern service rifles are sold in the U.S. in semi-automatic form. There is one glaring exception, and that is the British L85. Murdoch & Co., an American company, is changing that reality with its EM85.

I Have This Old Gun: The British Brown Bess

One of the most iconic military longarms ever made, the British Land Pattern musket, more commonly known as the "Brown Bess," equipped British infantrymen across the world for more than a century.

Rifleman Interview: CCI Rimfire Ammunition

CCI’s rimfire offerings were part of the Plinkapalooza event in May.

First Impressions of the Staccato P4X

Down in Texas, Staccato launched a new pistol to celebrate America's 250th anniversary: the P4X. One can hardly blame them considering that the company's entire product line is based on the 1911, arguably the most American of handguns.

A Big Third Circuit Ruling on America’s Rifle

In an appeal of a case the NRA filed in 2018, the U.S. Court of Appeals for the Third Circuit struck down New Jersey’s ban on “assault weapons” and “large capacity” ammunition magazines as unconstitutional.

Top Cop: How an Armed American Saved President Trump’s Life

An NRA Benefactor Member and NRA Certified Law Enforcement Patrol Rifle Instructor, Sergeant Aaron Zaliponi likely saved the life of President Trump in Butler, Pa. For these reasons, the NRA has selected him as the 2025 Law Enforcement Officer of the Year.

Interests



Get the best of American Rifleman delivered to your inbox.