Friday, March 13, 2009
Joint Statement on the Litigation with the BATFE
Today Judge Reggie Walton, presiding in our case before the US District Court, heard arguments from both legal counsel for NAR/TRA and the BATFE. At the conclusion of the hearing, Judge Walton stated that he was inclined to agree with our position. While this is extremely encouraging, there will be no formal written ruling until April, and BATFE may attempt to file additional information before that date. We expect that this ruling will provide some form of relief from the current regulatory situation.
We thank our members for their continued patience and their generous financial support. We will provide members with immediate status reports as this case reaches its conclusion.