According to Rolling Stone, the National Rifle Association (NRA) is having serious financial issues that may render it “unable to exist… or pursue its advocacy mission,” according to a legal complaint filed by the gun-rights organization against New York state.
In documents obtained by Rolling Stone, the NRA claims the state of New York subjected it to a “blacklisting campaign” that resulted in “tens of millions of dollars in damages” because it has lost insurance coverage, which it needs to “maintain its physical premises, convene off-site meetings and events, operate educational programs,” and “hold rallies, conventions, and assemblies.” Its inability to receive media liability insurance also jeopardizes the NRA’s TV programs and magazines, the gun group states in the complaint.
In May, New York financial regulators determined that the NRA was illegally selling insurance policies to gun owners that protected them from court costs after they fired weapons in acts of “intentional wrongdoing.”
The group claims these issues as life-threatening to the organization and said “it will be unable to exist as a not-for-profit or pursue its advocacy mission” if changes are not made.
“If their abuses are not enjoined, they will soon, substantially, succeed,” the suit read.
Gov. Andrew Cuomo has previously said the NRA’s case was “a futile and desperate attempt to advance its dangerous agenda to sell more guns.” An NRA financial disclosure from 2016 shows the association overspent by almost $46 million.
Twitter wasn’t feeling too sad:
I’ll 3D print some condolences.
— Victoria Caroline 🥞 (@victoriaxcs) August 3, 2018
thoughts and prayers
— Rahul (@babloo328) August 3, 2018
This was their plan if they got caught in bed with the Russians: declare bankruptcy and move on to do the same thing with another organization.
— Duke York (@yorkdukeyork) August 3, 2018
*3-D prints the smallest violin and plays just for you*
— Peaceful Resistance (@Zombieionism) August 3, 2018
All that Russian money they gave to Trump and the Republicans. Not to mention the enormous salary of their CEOs. Looks like they bankrupted themselves? Or this is a ploy to get politicians to support them even more than usual. Either way, Sorry, I'm Not Sorry.
— Dark Angel*USMC Vet (@bobbi_bobbi) August 3, 2018