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New York Attorney General Files Lawsuit to Dissolve NRA

  • New York AG Letitia James filed a lawsuit against the National Rifle Association and its executives (collectively, “NRA”) over allegations that its leadership mismanaged and diverted NRA funds for the personal gain of its executives and their associates in violation of New York’s Estates, Powers & Trusts Laws, New York’s Not-for-Profit Corporation Law, the New York Prudent Management of Institutional Funds Act, and New York’s Executive Law.
  • According to the complaint, the NRA’s leaders violated their fiduciary duty to the NRA and diverted millions of dollars for their personal use and to reward themselves, family members, and close associates with lucrative consulting contracts. In addition, the complaint alleges that the NRA failed to follow proper auditing procedures and retaliated against whistleblowers.
  • The complaint seeks, among other things, the dissolution of the NRA, declaratory and injunctive relief, restitution, and permanently barring the individual defendants from serving as officers, directors, or trusties of charitable organizations incorporated or authorized to conduct business in the State of New York.