NRA Says It Wants a Restructuring Officer to Suggest Reforms

Wayne LaPierre, embattled head of the National Rifle Association, told a federal judge the gun-rights group is seeking a chief restructuring officer to help it navigate bankruptcy and possibly suggest reforms.

• U.S. Bankruptcy Judge Harlin D. “Cooter” Hale will take LaPierre’s testimony into consideration when deciding whether to appoint a trustee to run the NRA while it’s in bankruptcy, or throw the case out, as the New York Attorney General has requested
  • A committee of unsecured creditors has said in court papers that a court-appointed restructuring officer would be better than a trustee who replaces NRA managers
• LaPierre ...