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NRA Lawsuits, Mobs, Trouble, Sales

NRA/litigation

Anti-gun New York Attorney General Letitia James (D) has filed a lawsuit that aims to dissolve the National Rifle Association, alleging that the group violated state law governing non-profit organizations. The state civil suit alleges that the NRA instituted “a culture of self-dealing, mismanagement and negligent oversight,” and accuses CEO and Executive Vice President Wayne LaPierre, former CFO Woody Phillips, former chief of staff Joshua Powell, and general counsel John Frazer of financial misconduct, claiming that they cost the organization more than $64 million over a 3-year period.

The NRA has denied all of James’ allegations and is counter-suing the New York attorney general’s office, alleging that James’ lawsuit was politically motivated, rather than fueled by any “sincere belief” that the NRA was breaking the law.

On the same day, Washington, D.C., Attorney General Karl Racine (D) filed a civil suit against the NRA Foundation, a charitable, non-political, arm of the organization dedicated to provide programs and ranges for firearm safety, marksmanship and hunting safety, accusing it of diverting funds to the NRA itself to help pay for lavish spending by its top executives.



NICS checks

The FBI on Monday said that July raw NICS checks totaled 3,639,224, the third-highest month this year, and the third-highest ever. The July 2020 NSSF-adjusted NICS figure of 1,848,307 is an increase of 122.5% compared to the July 2019 NSSF-adjusted NICS figure of 830,579.

Ammo availability

Some industry experts estimate that we won’t see a return to normal inventory levels for 12 months, even when assuming a Republican presidential victory in November. Prices may not return to pre-COVID levels for an up to 12 months after that.

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