Connect with us

Five Facts

NRA files for Chapter 11 bankruptcy protection

The move is an attempt to avoid ongoing litigation in New York state.

Published

on

Five Fast Facts

  • The National Rifle Association has been under investigation for financial malfeasance by diverting millions in donor money to senior leaders for lavish personal expenses
  • As early as 2018, the NRA indicated they were in financial trouble
  • By June 2020, the NRA had shed more than 200 employees
  • The NRA wants to incorporate in Texas as a non-profit, in part to avoid ongoing litigation in the state of New York
  • The NRA filed a lawsuit against New York state Attorney General Letitia James saying she has violated the NRA’s right to free speech and seeking to block her ongoing investigation

The National Rifle Association on Friday filed petitions with a U.S. bankruptcy court seeking protection from creditors by restructuring, the gun rights advocacy group announced.

The NRA filed the Chapter 11 petitions in U.S. Bankruptcy Court in Dallas, it said in a news release.

Read more at Reuters

Please Support Malcontent News

When you become a subscriber, you help us stay independent and paid advertiser free.

A free press is a Constitutional right, but it doesn’t come free. Our core missions are showing you an unfiltered view of the before, during, and after, defend the First Amendment, and amplify BIPOC and LGBTQIA+ voices in an advertisement free experience.

Patreon Logo

For as little as $5 a month, you can support Malcontent News. Becoming a Patreon will help cover technology, data, bandwidth, and travel costs. Patreons get early access to content and a Discord server, virtual meetings with the staff, and private Zoom meetings. Subscribe NOW!

Venmo Logo

A one-time Venmo donation can help with safety gear, equipment, or a small thank you to show your appreciation for what Malcontent News provides. No amount is too small, even $5 goes a long way. Venmo NOW!

Main Categories

Like, Share, Follow, Support

Hot News

Your Comments

Previous News

Trending