A new legal filing by the NRA against the state of New York reveals the longtime gun rights organization is struggling to remain financially afloat and may be “unable to exist” in the not too distance future.
Rolling Stone reports:
The National Rifle Association warns that it is in grave financial jeopardy, according to a recent court filing obtained by Rolling Stone, and that it could soon “be unable to exist… or pursue its advocacy mission.” (Read the NRA’s legal complaint at the bottom of this story.)
In the new document — an amended complaint filed in U.S. District Court in late July — the NRA says it cannot access financial services essential to its operations and is facing “irrecoverable loss and irreparable harm.”
Specifically, the NRA warns that it has lost insurance coverage — endangering day-to-day operations. “Insurance coverage is necessary for the NRA to continue its existence,” the complaint reads. Without general liability coverage, it adds, the “NRA cannot maintain its physical premises, convene off-site meetings and events, operate educational programs … or hold rallies, conventions and assemblies.”
The complaint says the NRA’s video streaming service and magazines may soon shut down.
Strikingly, the NRA’s own lawsuit presents these financial risks and pitfalls as catastrophic.
Read more at American Action News