Connect with us

Business

Activist Nuns, With Stake in Smith & Wesson, Sue Gun Maker Over AR-15 Rifles



Updated Dec. 5, 2023 3:49 pm ET

A gaggle of activist nuns filed an uncommon shareholder lawsuit to strain gun maker Smith & Wesson to drastically change the way in which it markets, makes and sells its common model of the AR-15 rifle.

The so-called shareholder by-product motion, which the nuns filed in Nevada state court docket Tuesday in opposition to publicly traded Smith & Wesson, alleges that firm leaders are placing shareholders in danger. They argue the leaders are exposing the corporate to legal responsibility by the way they have made and sold the rifle, which has been used in a number of mass shootings in current years.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

Trending