- Oops!Something went wrong.Please try again later.
Why it matters: The NRA filed for bankruptcy months after New York Attorney General Letitia James filed a lawsuit to dissolve the organization, alleging the group committed fraud by diverting roughly $64 million in charitable donations to support reckless spending by its executives.
Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free
What they're saying: "The NRA does not get to dictate if and where it will answer for its actions, and our case will continue in New York court," James said in a statement. "No one is above the law."
Judge Harlin Hale found that the NRA's bankruptcy filing was made in "bad faith," per Law360.
More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free