James alleged that current and former NRA leadership “instituted a culture of self-dealing mismanagement” that benefitted themselves, family, friends and favored vendors, leading the organization to lose more than $63 million in three years.
In response, the NRA filed a countersuit alleging the attorney general was hampering the group’s First Amendment rights.
James responded to the group’s bankruptcy announcement Friday in a terse statement: “The NRA’s claimed financial status has finally met its moral status: bankrupt.”
She added, “while we review this filing, we will not allow the NRA to use this or any other tactic to evade accountability and my office’s oversight.”
“This strategic plan represents a pathway to opportunity, growth and progress,” Wayne LaPierre, the NRA’s CEO and executive vice president, said in a statement. “The NRA is pursuing reincorporating in a state that values the contributions of the NRA, celebrates our law-abiding members, and will join us as a partner in upholding constitutional freedom.”
This story is developing.