The National Rifle Association will not be able to declare bankruptcy and move to Texas. U.S. District Judge Harlin Hale ruled today the evidence shows the NRA was looking to avoid dealing with litigation in New York.
The group had been civilly sued by New York Attorney General Letitia James claiming fraud and financial misconduct. Harlin noted NRA Executive Vice President Wayne LaPierre testified they would not have filed for bankruptcy if it wasn't for the suit. He believes the NRA is in good financial straits and would not be harmed by New York's suit.
The NRA could file a new bankruptcy case as Harlin noted his court would immediately take up some of the concerns raised by the group. The NRA filed for bankruptcy earlier this year.
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