Federal Judge Dismisses NRA Bankruptcy Case

Top executive Wayne LaPierre acknowledged putting the NRA into Chapter 11 bankruptcy without the signoff of several board members and executives.

A federal judge dismissed the National Rifle Association's bankruptcy case Tuesday, saying it was not filed in good faith. That means the gun-rights group will have to face a New York state lawsuit accusing it of financial abuses. The NRA's headquarters is in Virginia, but it's incorporated in New York, where it was chartered as a nonprofit in 1871.