Tag Archives: Association

By Daniel Trotta and Jonathan Stempel (Reuters) –Wayne LaPierre resigned as leader of the National Rifle Association on Friday, ending a long career during which the NRA became one of the most powerful lobbies in Washington, only to see its prestige tarnished by corruption allegations and a bankruptcy filing. LaPierre, 74, who has served as chief executive since 1991, steps down just before a corruption trial brought against the NRA by New York Attorney General Letitia James was set to begin… Source link

(Bloomberg) — The National Rifle Association of America, the gun-rights group feared for its lobbying clout but now threatened with dissolution by the state of New York, filed Friday for Chapter 11 bankruptcy with plans to regroup in Texas. Restructuring in court will help the NRA exit “a corrupt political and regulatory environment in New York,” according to a statement on its website. The NRA’s petition listed assets and liabilities of as much as $500 million each. The filing marked… Source link