New York Attorney General Letitia James on Thursday announced the filing of a lawsuit seeking to dissolve the National Rifle Association (NRA) following an investigation into alleged fraud at the nonprofit.

Central to the lawsuit are allegations that the 149-year-old group’s “culture of noncompliance” allowed NRA Executive Vice President Wayne LaPierre and three other officers to steal $64 million from the organization over three years.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...