Front Sight assets seized
Posted on Saturday, May 16, 2009 6:24:22 AM by rellimpank
At 11 a.m. Monday, Front Sight Firearms Training Institute and its president, Ignatius Piazza, went into receivership.
All financial transactions involving the firearms training facility -- from accepting payment for classes to paying staff and vendors -- must take place through a court-appointed administrator.
The facility and all assets have been seized by the court, down to the hundreds of firearms included as part of new members' benefits.
However, despite the ruling, this weekend at Front Sight everything was "business as usual," according to Operations Manager Rick Morello.
He said he knew nothing about the legal proceedings. "We have a big weekend coming up with a full schedule of classes," Morello said. "Business is booming."
The ruling, handed down by U.S. District Judge James Ware in San Jose, Calif., had its beginning in November 2005 when Stacy James, Bill Haag and Michael Schriber filed a class action suit against Piazza on behalf of themselves and other qualified Front Sight members.