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NEW YORK – New York’s attorney general is suing the National Rifle Association, seeking to put the powerful gun advocacy organization out of business over allegations that high-ranking executives diverted millions of dollars for personal benefit.The lawsuit filed Thursday by Attorney General Letitia James followed an 18-month investigation into the NRA, which is a nonprofit group originally chartered in New York.Watch the announcement below:The attorney general is accusing the NRA's top leaders of using the association's funds for lavish personal trips, contracts for associates and other questionable expenditures.James says the leadership’s failure to manage the NRA’s funds and failure to follow state and federal laws led the organization to lose more than million in just three years.In addition to shuttering the NRA’s doors, James is seeking to recoup millions in lost assets and to stop the four defendants in the case from serving on the board of any nonprofit in the state of New York again.Along with the NRA, the defendants in the suit are Executive Vice-President Wayne LaPierre, former Treasurer and Chief Financial Officer (CFO) Wilson “Woody” Phillips, former Chief of Staff and the Executive Director of General Operations Joshua Powell, and Corporate Secretary and General Counsel John Frazer.The lawsuit alleges that the four men instituted a culture of self-dealing, mismanagement, and negligent oversight at the NRA that was illegal, oppressive, and fraudulent.“The NRA’s influence has been so powerful that the organization went unchecked for decades while top executives funneled millions into their own pockets,” said James. “The NRA is fraught with fraud and abuse, which is why, today, we seek to dissolve the NRA, because no organization is above the law.” We are seeking to dissolve the NRA for years of self-dealing and illegal conduct that violate New York’s charities laws and undermine its own mission.The NRA diverted millions of dollars away from its charitable mission for personal use by senior leadership.— NY AG James (@NewYorkStateAG) August 6, 2020 In a statement, the president of the NRA called the lawsuit a "baseless" attack on the organization and the Second Amendment. 2232
Nestle and Starbucks are teaming up to create a "global coffee alliance."Under the deal, Nestle will pay .2 billion to market, sell and distribute Starbucks' packaged products around the world, the companies said Monday.Nestle already has a significant presence in the coffee business with well-known brands like Nescafe and Nespresso. It's now adding Starbucks coffee and tea products to the list.The agreement only covers Starbucks' packaged goods sold outside the US company's stores. It doesn't include Starbucks' ready-to-drink coffee, tea or juices.Starbucks CEO Kevin Johnson said the deal "will bring the Starbucks experience to the homes of millions more around the world."The deal still needs approval from regulators and is expected to be finalized in summer or early fall this year, the companies said.About 500 Starbucks employees will join Nestle under the agreement, the Switzerland-based company said.It said the Starbucks packaged goods business generates annual revenue of about billion a year. 1031
NEW YORK (AP) - Equifax is saying that an additional 2.4 million Americans were impacted by last year's data breach, however these newly disclosed consumers had much less personal information stolen. 207
NEW YORK — A lawyer for a British socialite charged with procuring teenage girls in the 1990s for financier Jeffrey Epstein to sexually abuse says her client's sleep is interrupted every 15 minutes in jail to ensure she is breathing. Attorney Bobbi Sternheim told a Manhattan judge Tuesday that Ghislaine Maxwell faces more restrictive conditions than inmates convicted of terrorism or murder. She asked a judge to intervene on her client's behalf. She said Maxwell has no history of mental health issues or suicidal thoughts. Maxwell is being held without bail in a federal facility in Brooklyn as she awaits a July trial. Prosecutors declined to comment.Maxwell's arrest earlier this year came less than a year after Epstein died by suicide while being held on sex trafficking charges. An investigation into Epstein's death remains open.Epstein and Maxwell have been connected with powerful world leaders, including President Donald Trump, former President Bill Clinton and Prince Andrew. 998
NEW YORK (AP) — The one-time bookselling giant Barnes & Noble is being acquired by a hedge fund for 6 million.The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers. Independent bookstores have also persisted in the face of digital publishing.The company said in October that it might put itself up for sale after it was approached by a number of potential buyers, including founder Leonard Riggio who opened Barnes & Noble stores across the country and turned it into a superstore.Barnes & Noble said Friday that it's being acquired by Elliott Management for .50 per share, an approximately 9% percent premium to the company's Thursday closing stock price. Elliott bought the U.K. bookseller Waterstones in June 2018.Waterstones CEO James Daunt will also take on the role of CEO at Barnes & Noble.The sale, valued at about 3 million including debt, is targeted to close in the third quarter if approved by regulators and shareholders.Shares of the New York company jumped 11% before the opening bell. 1111
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