Texas judge blocks NRA from declaring bankruptcy
CBSN
A federal judge in Texas ruled Tuesday that the National Rifle Association cannot file for bankruptcy, a decision that calls into question the gun-rights group's plan to relocate its headquarters to escape oversight by New York regulators.
Judge Harlin Hale's decision comes almost 10 months after New York Attorney General Letitia James filed a lawsuit against the NRA, accusing four of the organization's top executives of mismanaging funds and violating state and federal laws. "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 tweeted Tuesday after the ruling.
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