[Bloomberg] The National Rifle Association took what might have been the biggest legal gamble of its life and lost. Now, it faces a potential outcome that progressive U.S. politicians have long desired - a complete dismantling of the most powerful gun lobby.Not exactly what is suggested further down - some poor choices in spending habits.
A Texas judge on Tuesday rejected the NRA’s attempt to file for bankruptcy, clearing the way for a fraud lawsuit filed by New York Attorney General Letitia James to proceed. James has made no secret of her wish to dissolve the nonprofit organization, last year calling it "fraught with fraud and abuse." But a New York judge will have to decide whether her case has merit.
Not to mention whether her case would result in 'the complete dismantling' of the NRA.
A trial in New York is tentatively set for next year. The case isn't about gun rights, but claims that the NRA ripped off its members by squandering donated cash on luxury expenses.
A private club acting like a government worker?
The NRA said in a written statement that it remains determined to confront James. It also noted that it can still pursue establishing business operations in Texas, and the organization will continue to explore moving its headquarters there from Virginia. Texas is home to more than 400,000 NRA members.
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