A Texas bankruptcy judge on Tuesday sided with the New York Attorney General's office and dismissed the National Rifle Association's Chapter 11 bankruptcy filing, Law360 reports.
Why it matters: The NRA filed for bankruptcy months after New York Attorney General Letitia James filed a lawsuit to dissolve the organization, alleging the group committed fraud by diverting roughly $64 million in charitable donations to support reckless spending by its executives.
What they're saying: "The NRA does not get to dictate if and where it will answer for its actions, and our case will continue in New York court," James said in a statement. "No one is above the law."
- Judge Harlin Hale found that the NRA's bankruptcy filing was made in "bad faith," per Law360.