New York AG seeks to 'dissolve' NRA with lawsuit

The lawsuit announced by James alleges NRA leaders paid for family trips to the Bahamas, private jets and expensive meals that contributed to a $64 million reduction in the NRA's balance sheet in three years, turning a surplus into a deficit.

James alleged in a statement that NRA leaders "used millions upon millions from NRA reserves for personal use," failing to comply with the NRA's own internal policies in addition to state and federal law.

In announcing the lawsuit, James told reporters the NRA "has operated as a breeding ground for greed, abuse and brazen illegality." She added "no one is above the law" - including the NRA.