The NRA 'will be unable to exist' due to financial losses, group argues in legal filing


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.
New York regulators stopped the sale of NRA-branded insurance policies that "unlawfully provided liability insurance to gun owners for certain acts of intentional wrongdoing" earlier this year. The halted sales of "Carry Guard" policies pushed the NRA to strike back with a lawsuit, accusing the state government of "abuse" against the group's "advocacy mission." The NRA argues that the state has continued on in a "malicious conspiracy" against the organization's political speech even after shutting down Carry Guard.
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.
Cuomo has called the lawsuit "a futile and desperate attempt to advance its dangerous agenda to sell more guns." Read more at Rolling Stone.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Summer Meza has worked at The Week since 2018, serving as a staff writer, a news writer and currently the deputy editor. As a proud news generalist, she edits everything from political punditry and science news to personal finance advice and film reviews. Summer has previously written for Newsweek and the Seattle Post-Intelligencer, covering national politics, transportation and the cannabis industry.
-
October 19 editorial cartoons
Cartoons Sunday's editorial cartoons include Pete Hegseth and the press, an absence of government, and George Washington crossing the Delaware
-
A little-visited Indian Ocean archipelago
The Week Recommends The paradise of the Union of the Comoros features beautiful beaches, colourful coral reefs and lush forests
-
AI: is the bubble about to burst?
In the Spotlight Stock market ever-more reliant on tech stocks whose value relies on assumptions of continued growth and easy financing
-
Gold tops $4K per ounce, signaling financial unease
Speed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B deal
speed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance