Videos tagged with Shareholder Lawsuit

This video discusses a lawsuit filed by a coalition of Catholic nuns against Smith & Wesson. The nuns, who are shareholders, are suing from the 'inside' by leveraging fiduciary responsibility to argue the company is at risk due to its marketing and sale of AR-15 style rifles. The speaker highlights this as a creative, albeit frivolous, attempt to circumvent the Protection of Lawful Commerce in Arms Act (PLCAA).

This video discusses a lawsuit filed by liberal activist shareholders against Smith & Wesson's board. The core allegation is that the board exposed shareholders to unnecessary liability by promoting and selling AR-15 style rifles, which the plaintiffs claim violates their fiduciary duty. The video frames this as part of the broader ESG (Environmental, Social, and Governance) movement, suggesting it's a tactic to pressure gun manufacturers from within.