NRA Going Broke...Fake News?
Posted: Sat Aug 04, 2018 12:52 am
I find this spin hard to believe:
https://nypost.com/2018/08/03/nra-says- ... -collapse/
NRA Says It’s Broke and On The Verge of Collapse
By Bob Fredericks August 3, 2018
The deep-pocketed NRA claims it’s going broke and may soon “be unable to exist†— and blames Gov. Andrew Cuomo for its purported poverty, according to a recent court document that’s part of its lawsuit against the state.
The pro-gun lobby — which gave a record $21 million to Donald Trump’s 2016 presidential campaign — said it’s headed to the poorhouse because a state agency told insurers to cut ties with the association and slapped a $7 million fine on NRA insurance broker Lockton Cos.
The group had filed a federal lawsuit against Cuomo and the state in May, claiming New York launched an unfair “blacklisting campaign†against the association.
In the new court filing in late July, the NRA complained it couldn’t obtain financial services crucial to its operations and faced “irrecoverable loss and irreparable harm†after losing insurance coverage.
“Insurance coverage is necessary for the NRA to continue its existence,†according to the new document, which was first reported by the New York Law Journal.
Without liability insurance, the “NRA cannot maintain its physical premises, convene off-site meetings and events, operate educational programs … or hold rallies, conventions and assemblies,†the filing said.
NRA-TV may also be on the chopping block, the Oliver North-led association complained.
“The NRA’s inability to obtain insurance in connection with media liability raises risks that are especially acute; if insurers remain afraid to transact with the NRA, there is a substantial risk that NRATV will be forced to cease operating,†the new filing said.
In the initial suit filed in May, the NRA claimed that Cuomo and state Department of Financial Services Superintendent Maria Vullo conspired to pressure financial institutions and insurers to cut ties with the group.
The state argued in a motion filed in early July that the insurers they targeted were selling coverage that violated state law, according to the Law Journal’s report.
The insurance, called Carry Guard, provided coverage for any criminal defense bills and protection from civil suits an individual could face after using a gun in self-defense.
The state argued that the coverage was illegal because “New York state law prohibits insurance coverage to defense costs arising out of a crime.â€
Dallas-based William Brewer III, lead lawyer for the NRA, told the Journal that the group was “suffering setbacks†because of the state’s actions.
“The amended complaint raises concerns about the material impacts to the NRA as a result of the actions of Governor Cuomo and DFS,†Brewer said in a statement about the new filing.
“Our client is suffering setbacks with respect to the availability of insurance and banking services — as a result of a political and discriminatory campaign meant to coerce financial institutions to refrain from doing business with the NRA. The actions of defendants are a blatant attack on the First Amendment rights of our organization,†he continued.
Cuomo said Friday the state would file a motion seeking the dismissal of the NRA’s suit.
“New York will not be intimidated by the NRA’s frivolous lawsuit to advance its dangerous gun-peddling agenda,†Cuomo said in a statement.
“Donald Trump and Washington, DC may be bought and paid for by the NRA, but in New York we are listening to the voices of people across the nation calling for action to keep our communities safe. While the NRA tries to play the victim, New York stands with the real victims—the thousands of people whose lives are cut short by gun violence every year.â€
https://nypost.com/2018/08/03/nra-says- ... -collapse/
NRA Says It’s Broke and On The Verge of Collapse
By Bob Fredericks August 3, 2018
The deep-pocketed NRA claims it’s going broke and may soon “be unable to exist†— and blames Gov. Andrew Cuomo for its purported poverty, according to a recent court document that’s part of its lawsuit against the state.
The pro-gun lobby — which gave a record $21 million to Donald Trump’s 2016 presidential campaign — said it’s headed to the poorhouse because a state agency told insurers to cut ties with the association and slapped a $7 million fine on NRA insurance broker Lockton Cos.
The group had filed a federal lawsuit against Cuomo and the state in May, claiming New York launched an unfair “blacklisting campaign†against the association.
In the new court filing in late July, the NRA complained it couldn’t obtain financial services crucial to its operations and faced “irrecoverable loss and irreparable harm†after losing insurance coverage.
“Insurance coverage is necessary for the NRA to continue its existence,†according to the new document, which was first reported by the New York Law Journal.
Without liability insurance, the “NRA cannot maintain its physical premises, convene off-site meetings and events, operate educational programs … or hold rallies, conventions and assemblies,†the filing said.
NRA-TV may also be on the chopping block, the Oliver North-led association complained.
“The NRA’s inability to obtain insurance in connection with media liability raises risks that are especially acute; if insurers remain afraid to transact with the NRA, there is a substantial risk that NRATV will be forced to cease operating,†the new filing said.
In the initial suit filed in May, the NRA claimed that Cuomo and state Department of Financial Services Superintendent Maria Vullo conspired to pressure financial institutions and insurers to cut ties with the group.
The state argued in a motion filed in early July that the insurers they targeted were selling coverage that violated state law, according to the Law Journal’s report.
The insurance, called Carry Guard, provided coverage for any criminal defense bills and protection from civil suits an individual could face after using a gun in self-defense.
The state argued that the coverage was illegal because “New York state law prohibits insurance coverage to defense costs arising out of a crime.â€
Dallas-based William Brewer III, lead lawyer for the NRA, told the Journal that the group was “suffering setbacks†because of the state’s actions.
“The amended complaint raises concerns about the material impacts to the NRA as a result of the actions of Governor Cuomo and DFS,†Brewer said in a statement about the new filing.
“Our client is suffering setbacks with respect to the availability of insurance and banking services — as a result of a political and discriminatory campaign meant to coerce financial institutions to refrain from doing business with the NRA. The actions of defendants are a blatant attack on the First Amendment rights of our organization,†he continued.
Cuomo said Friday the state would file a motion seeking the dismissal of the NRA’s suit.
“New York will not be intimidated by the NRA’s frivolous lawsuit to advance its dangerous gun-peddling agenda,†Cuomo said in a statement.
“Donald Trump and Washington, DC may be bought and paid for by the NRA, but in New York we are listening to the voices of people across the nation calling for action to keep our communities safe. While the NRA tries to play the victim, New York stands with the real victims—the thousands of people whose lives are cut short by gun violence every year.â€
