NRA Files for Bankruptcy, Says It Will Reincorporate in Texas
Share
[aggregation-styles]
Axios
Axios
The National Rifle Association said Friday it has filed for voluntary bankruptcy as part of a restructuring plan.
Driving the news: The gun rights group said it would reincorporate in Texas, calling New York, where it is currently registered, a “toxic political environment.” Last year, New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.
In its bankruptcy petition filed in Texas, the NRA listed assets and liabilities of as much as $500 million each, Bloomberg reported.
RELATED TOPICS:
Categories
Latest
Videos
Crime /
28 minutes ago
Don’t Click on Those Road Toll Texts. Officials Issue Warnings About the Smishing Scam
Latest /
34 minutes ago
Pentagon Leaker Jack Teixeira Pleads Guilty to Obstructing Justice, Calls Self a ‘Proud Patriot’
Latest /
40 minutes ago
Jewish Protesters Flood Trump Tower’s Lobby to Demand Mahmoud Khalil’s Release
Crime /
2 hours ago
Visalia Police Seek Public’s Help in Locating Stolen SUV
Local /
2 hours ago
Fresno Police to Conduct Bicycle, Pedestrian Safety Operation Saturday
Politics /
2 hours ago
Tesla Owners Struggle with Brand Loyalty Amid Musk’s DOGE Controversies
Politics /
3 hours ago
