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.


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.