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National Rifle Assn files for bankruptcy

NEW DELHI: Seeking an end-run around an investigation by the New York attorney general, the

National Rifle Association

said on Friday it was declaring bankruptcy and would reincorporate in Texas.

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The announcement came months after New York AG Letitia James sued the

NRA

, seeking its dissolution over claims that executives illegally diverted

millions

of dollars for

personal trips

, no-show contracts for associates and other questionable expenditures.
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