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During a 24-day jury trial, the NRA established the New York Attorney General cannot prove self-dealing or bad faith by the NRA Board of Directors. The NRA disputed key allegations in the NYAG’s complaint—namely, that any governance issues at the NRA are “persistent.” As importantly, the NRA established that it adopted new policies and accounting controls, displaced vendors and “insiders” who abused the Association, and accepted reparations for costs determined to be excess benefits. Most of these corrective measures—part of an internal investigation ignited by the NRA Board of Directors—were adopted before the NYAG filed her lawsuit.
Of particular importance, the six-person jury found that of 16 related-party transactions of which the NRA was accused, the NRA Audit Committee was found to have properly reviewed and ratified 14 of them.
In the final analysis, individual defendants could face financial awards payable to the NRA.
No money damages will be awarded against the Association.
www.ssusa.org
Of particular importance, the six-person jury found that of 16 related-party transactions of which the NRA was accused, the NRA Audit Committee was found to have properly reviewed and ratified 14 of them.
In the final analysis, individual defendants could face financial awards payable to the NRA.
No money damages will be awarded against the Association.
An NRA Shooting Sports Journal | NRA Responds To New York Trial Verdict
This decision validates NRA’s position regarding wrongdoing by certain vendors and insiders.
