NRA Files for Bankruptcy, Plans to Move from New York to Texas
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From the Left
National Rifle Association files for bankruptcy
The National Rifle Association said Friday that it has filed for bankruptcy and is moving to Texas, where the organization says it has 400,000 members. The NRA is currently based out of New York, where state Attorney General Letitia James has filed a lawsuit alleging financial crimes by its top officials and seeking to disband the organization.
Chapter 11 bankruptcy protection stops all court and legal proceedings regarding debt or collection, while an organization restructures its debts. In May 2020, the NRA, which says it has 5 million members, laid...
From the Center
National Rifle Association files for bankruptcy, seeking to escape New York lawsuit
The National Rifle Association on Friday filed for bankruptcy, a sudden development that could help the gun rights group escape a lawsuit by New York’s attorney general seeking its dissolution.
The NRA filed for Chapter 11 protection in federal bankruptcy court in Dallas, and said it plans to reincorporate in Texas to escape “a corrupt political and regulatory environment” in New York, where it is now incorporated.
“Texas values the contributions of the NRA, celebrates our law-abiding members, and joins us as a partner in upholding constitutional freedom,” Chief Executive...
From the Right
NRA files for bankruptcy, announces it's ditching New York for Texas
The National Rifle Association has filed for bankruptcy, and plans to ditch what CEO Wayne LaPierre described as “the toxic political environment of New York” and move its headquarters to Texas.
“The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas,” LaPierre wrote in a letter to members.
The gun rights group has faced legal issues in New York in recent years. Attorney General Letitia James sought in court to have the organization dissolved over allegations...
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