The National Rifle Association says it is facing major financial losses and "irreparable harm" as a result of New York State's crackdown on the gun rights group.
In a legal filing obtained Friday by Rolling Stone, the NRA said it could soon "be unable to exist" due to a state-wide "blacklisting campaign." The organization claimed it had lost insurance coverage and suffered "tens of millions of dollars in damages" following Gov. Andrew Cuomo (D)'s attempts to cut the NRA off from financial service providers. "Insurance coverage is necessary for the NRA to continue its existence," the organization argued, saying that its conventions, meetings, and day-to-day operations are in danger because of its inability to obtain insurance. The filing also says that the NRA may soon shutter its video streaming service and magazine because of the financial distress, reports Rolling Stone.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Band Aid 40: time to change the tune?In the Spotlight Band Aid's massively popular 1984 hit raised around £8m for famine relief in Ethiopia and the charity has generated over £140m in total
-
Starmer vs the farmers: who will win?Today's Big Question As farmers and rural groups descend on Westminster to protest at tax changes, parallels have been drawn with the miners' strike 40 years ago
-
How secure are royal palaces?The Explainer Royal family's safety is back in the spotlight after the latest security breach at Windsor
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
