Judge dismisses NRA's bankruptcy petition, allowing New York AG lawsuit to move forward
CNN
A federal judge has dismissed the National Rifle Association's petition for bankruptcy, saying it was filed in "bad faith" in order to avoid litigation by New York Attorney General Letitia James, which has sued to dissolve the NRA for allegedly misusing charitable funds. Brian Mittendorf, the Fisher Designated Professor of Accounting, explains what the ruling means for future lawsuits the organization may face.
May 11, 2021