Additionally, the lawsuit alleges that Smith & Wesson’s board of directors and executives “intentionally fail to take any action to prevent or curb the continued marketing and sale of Smith & Wesson AR-15 rifles in those jurisdictions (that prohibit the sale of AR-15)”.
Mark Smith, president and CEO of Smith & Wesson, told CNA. EWTN News— in a statement that Smith & Wesson “is proud to empower law-abiding American citizens with the ability to defend themselves and their families from harm.”
“This frivolous lawsuit is simply another example in their long history of attempts to hijack and abuse the shareholder advocacy process to damage our reputation and that of the company,” he said, adding that “this activist group is not interested in the best interests of the company or its shareholders.
Norton, the sisters’ attorney, said in a Dec. 5 statement that religious congregations “have long sought corporate responsibility” through “their shareholder activism,” which is the practice of purchasing shares in a company. expressly to use them to try to change the way the organization is run.