NRA Says New York, Ad Agency Seeking Organization’s Destruction

The National Rifle Association has a “legitimate need” to restructure its debts and move to Texas, the organization said in response to calls from New York Attorney General Letitia James and Ackerman McQueen to dismiss its bankruptcy.

The gun rights organization filed for bankruptcy to preserve its ability to keep operating and address liabilities to “true creditors,” the NRA said in a Saturday court filing.

Unlike lenders and trade creditors, James and former NRA ad agency Ackerman McQueen don’t seek to resolve disputes or collect on a discrete debt, the NRA said. “Instead, they seek the NRA’s destruction as an ...