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.
-
The Arab League's plan for GazaThe Explainer Arab leaders reject Donald Trump's proposals to move Palestinians out of Gaza to create 'Middle East Riviera'
-
Thrilling must-see operas for 2025The Week Recommends From Carmen to Peter Grimes, these are the UK's top productions
-
There is a 'third state' between life and deathUnder the radar Cells can develop new abilities after their source organism dies
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
