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Nuns buy Smith & Wesson shares, then sue to stop production of AR-style rifles

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May 29, 2001
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A coalition of Catholic nuns has filed a lawsuit against gunmaker Smith & Wesson, calling for the company to stop producing AR-style rifles, which the women claim are “the weapon of choice for numerous mass murderers.”

The lawsuit, filed Tuesday in a Nevada district court, alleges that Smith & Wesson has repeatedly ignored “red flags” and failed to respond appropriately to mass shootings in the United States. The lawsuit references some of the deadliest mass killings in recent U.S. history — including at a movie theater in Aurora, Colo., in 2012; a high school in Parkland, Fla., in 2018; and an elementary school in Uvalde, Tex., in 2022.

Smith & Wesson did not immediately respond to a request for comment Wednesday evening. Lawrence Keane of the National Shooting Sports Foundation, a trade group for gunmakers, described the lawsuit as “frivolous” in an interview with the Wall Street Journal.


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“This same group has been filing shareholder proposals and losing so I guess they’re trying a new tactic,” he told the paper.
The nuns, who represent four congregations, said in a joint statement on Tuesday that AR-style rifles “have stolen the lives of so many innocent people and devastated communities across the nation.” They added that, as Smith & Wesson stockholders, they have supported resolutions for the company to explain to shareholders the “exposure to risk and liability” pertaining to its manufacturing of AR-style rifles.
“These rifles have no purpose other than mass murder,” the statement read. “They are not the sporting rifles that members of our own families and other responsible gun owners value.”

Jeffrey Norton, an attorney representing the nuns, said in a statement to The Washington Post that his clients are “activist investors,” meaning they buy stock in a company to pursue a certain goal.


“We are proud to partner with these congregations of Catholic Sisters who have long sought corporate responsibility through their shareholder activism,” Norton said in a news release on Tuesday.

The action is not the first of its kind. In 2018, shareholders, including some faith-based organizations, passed a resolution requiring Smith & Wesson to create a report about how it would address the safety risks its products posed, CNBC reported. Smith & Wesson has also faced several lawsuits from shooting survivors and victims’ families.

Founded in 1852, Smith & Wesson produced pistols, revolvers and other firearms for more than 150 years before it began producing long guns in 2006. The company’s first rifle series debuted in February of that year.
Afterward, Smith & Wesson saw a rise in profits and was “seemingly unfazed by the exponential rise in gun deaths and mass shootings carried out with its product,” the lawsuit alleges. It adds that AR-style rifles were used in mass killings, including in Colorado Springs, Nashville and Uvalde.


Smith & Wesson producing such weapons makes “it more difficult and more dangerous for law enforcement to respond” to mass killings, the lawsuit states, referencing the Robb Elementary School massacre in Uvalde, where officers waited more than an hour before entering a classroom to confront the gunman.

The nuns also accuse Smith & Wesson of using “aesthetic marketing,” including advertisements that are geared toward young people “despite the fact that many states impose age restrictions” on purchasing firearms. Smith & Wesson also does not have a system for “tracking injuries and deaths caused by” its rifles, “whether from accidental discharge, product malfunction, or deliberate use,” the lawsuit alleges.
The suit calls on Smith & Wesson to revise its policies to protect the company and stockholders “from a repeat of the damaging events.” In their statement Tuesday, the nuns urged Smith & Wesson to return to its production cycle pre-2006 — before it manufactured long guns and “held itself as a successful beacon of responsible gun ownership.”
One of the first pages of the lawsuit is taken up almost entirely by a single photo captured in the aftermath of the attack in the Aurora movie theater.
The image shows the AR-style rifle the gunman used in the attack laying between a pair of bright pink flip flops, the ground splattered with blood.
“It’s horrific,” Norton said in a statement. “That’s the point.”
 
I'm confused as to what legal theory they could use to stop the company from producing the rifles.

The fact that you own stock only means you could potentially put it up for a vote at a stockholders meeting.
 
Roman Catholic Nuns take a vow of Chastity, P0VERTY, and
Obedience. Where did they get the money to buy shares
of Smith and Wesson? Somebody is bankrolling these nuns
because they do not have the cash to buy these shares.
 
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A coalition of Catholic nuns has filed a lawsuit against gunmaker Smith & Wesson, calling for the company to stop producing AR-style rifles, which the women claim are “the weapon of choice for numerous mass murderers.”

The lawsuit, filed Tuesday in a Nevada district court, alleges that Smith & Wesson has repeatedly ignored “red flags” and failed to respond appropriately to mass shootings in the United States. The lawsuit references some of the deadliest mass killings in recent U.S. history — including at a movie theater in Aurora, Colo., in 2012; a high school in Parkland, Fla., in 2018; and an elementary school in Uvalde, Tex., in 2022.

Smith & Wesson did not immediately respond to a request for comment Wednesday evening. Lawrence Keane of the National Shooting Sports Foundation, a trade group for gunmakers, described the lawsuit as “frivolous” in an interview with the Wall Street Journal.


ADVERTISING


“This same group has been filing shareholder proposals and losing so I guess they’re trying a new tactic,” he told the paper.
The nuns, who represent four congregations, said in a joint statement on Tuesday that AR-style rifles “have stolen the lives of so many innocent people and devastated communities across the nation.” They added that, as Smith & Wesson stockholders, they have supported resolutions for the company to explain to shareholders the “exposure to risk and liability” pertaining to its manufacturing of AR-style rifles.
“These rifles have no purpose other than mass murder,” the statement read. “They are not the sporting rifles that members of our own families and other responsible gun owners value.”

Jeffrey Norton, an attorney representing the nuns, said in a statement to The Washington Post that his clients are “activist investors,” meaning they buy stock in a company to pursue a certain goal.


“We are proud to partner with these congregations of Catholic Sisters who have long sought corporate responsibility through their shareholder activism,” Norton said in a news release on Tuesday.

The action is not the first of its kind. In 2018, shareholders, including some faith-based organizations, passed a resolution requiring Smith & Wesson to create a report about how it would address the safety risks its products posed, CNBC reported. Smith & Wesson has also faced several lawsuits from shooting survivors and victims’ families.

Founded in 1852, Smith & Wesson produced pistols, revolvers and other firearms for more than 150 years before it began producing long guns in 2006. The company’s first rifle series debuted in February of that year.
Afterward, Smith & Wesson saw a rise in profits and was “seemingly unfazed by the exponential rise in gun deaths and mass shootings carried out with its product,” the lawsuit alleges. It adds that AR-style rifles were used in mass killings, including in Colorado Springs, Nashville and Uvalde.


Smith & Wesson producing such weapons makes “it more difficult and more dangerous for law enforcement to respond” to mass killings, the lawsuit states, referencing the Robb Elementary School massacre in Uvalde, where officers waited more than an hour before entering a classroom to confront the gunman.

The nuns also accuse Smith & Wesson of using “aesthetic marketing,” including advertisements that are geared toward young people “despite the fact that many states impose age restrictions” on purchasing firearms. Smith & Wesson also does not have a system for “tracking injuries and deaths caused by” its rifles, “whether from accidental discharge, product malfunction, or deliberate use,” the lawsuit alleges.
The suit calls on Smith & Wesson to revise its policies to protect the company and stockholders “from a repeat of the damaging events.” In their statement Tuesday, the nuns urged Smith & Wesson to return to its production cycle pre-2006 — before it manufactured long guns and “held itself as a successful beacon of responsible gun ownership.”
One of the first pages of the lawsuit is taken up almost entirely by a single photo captured in the aftermath of the attack in the Aurora movie theater.
The image shows the AR-style rifle the gunman used in the attack laying between a pair of bright pink flip flops, the ground splattered with blood.
“It’s horrific,” Norton said in a statement. “That’s the point.”
I for one will be most curious to see how they establish shareholder harm and causation premised on a theory of failing to cancel a profitable product line. Should they prevail, I'll be equally curious to see them embrace the company's handgun lines.
 
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I'm confused as to what legal theory they could use to stop the company from producing the rifles.

The fact that you own stock only means you could potentially put it up for a vote at a stockholders meeting.
Right; the article sounds as though they failed in the democratic approach.
 
A coalition of Catholic nuns has filed a lawsuit against gunmaker Smith & Wesson, calling for the company to stop producing AR-style rifles, which the women claim are “the weapon of choice for numerous mass murderers.”

The lawsuit, filed Tuesday in a Nevada district court, alleges that Smith & Wesson has repeatedly ignored “red flags” and failed to respond appropriately to mass shootings in the United States. The lawsuit references some of the deadliest mass killings in recent U.S. history — including at a movie theater in Aurora, Colo., in 2012; a high school in Parkland, Fla., in 2018; and an elementary school in Uvalde, Tex., in 2022.

Smith & Wesson did not immediately respond to a request for comment Wednesday evening. Lawrence Keane of the National Shooting Sports Foundation, a trade group for gunmakers, described the lawsuit as “frivolous” in an interview with the Wall Street Journal.


ADVERTISING


“This same group has been filing shareholder proposals and losing so I guess they’re trying a new tactic,” he told the paper.
The nuns, who represent four congregations, said in a joint statement on Tuesday that AR-style rifles “have stolen the lives of so many innocent people and devastated communities across the nation.” They added that, as Smith & Wesson stockholders, they have supported resolutions for the company to explain to shareholders the “exposure to risk and liability” pertaining to its manufacturing of AR-style rifles.
“These rifles have no purpose other than mass murder,” the statement read. “They are not the sporting rifles that members of our own families and other responsible gun owners value.”

Jeffrey Norton, an attorney representing the nuns, said in a statement to The Washington Post that his clients are “activist investors,” meaning they buy stock in a company to pursue a certain goal.


“We are proud to partner with these congregations of Catholic Sisters who have long sought corporate responsibility through their shareholder activism,” Norton said in a news release on Tuesday.

The action is not the first of its kind. In 2018, shareholders, including some faith-based organizations, passed a resolution requiring Smith & Wesson to create a report about how it would address the safety risks its products posed, CNBC reported. Smith & Wesson has also faced several lawsuits from shooting survivors and victims’ families.

Founded in 1852, Smith & Wesson produced pistols, revolvers and other firearms for more than 150 years before it began producing long guns in 2006. The company’s first rifle series debuted in February of that year.
Afterward, Smith & Wesson saw a rise in profits and was “seemingly unfazed by the exponential rise in gun deaths and mass shootings carried out with its product,” the lawsuit alleges. It adds that AR-style rifles were used in mass killings, including in Colorado Springs, Nashville and Uvalde.


Smith & Wesson producing such weapons makes “it more difficult and more dangerous for law enforcement to respond” to mass killings, the lawsuit states, referencing the Robb Elementary School massacre in Uvalde, where officers waited more than an hour before entering a classroom to confront the gunman.

The nuns also accuse Smith & Wesson of using “aesthetic marketing,” including advertisements that are geared toward young people “despite the fact that many states impose age restrictions” on purchasing firearms. Smith & Wesson also does not have a system for “tracking injuries and deaths caused by” its rifles, “whether from accidental discharge, product malfunction, or deliberate use,” the lawsuit alleges.
The suit calls on Smith & Wesson to revise its policies to protect the company and stockholders “from a repeat of the damaging events.” In their statement Tuesday, the nuns urged Smith & Wesson to return to its production cycle pre-2006 — before it manufactured long guns and “held itself as a successful beacon of responsible gun ownership.”
One of the first pages of the lawsuit is taken up almost entirely by a single photo captured in the aftermath of the attack in the Aurora movie theater.
The image shows the AR-style rifle the gunman used in the attack laying between a pair of bright pink flip flops, the ground splattered with blood.
“It’s horrific,” Norton said in a statement. “That’s the point.”
Now you respect nuns. As long as they buy into the left's dogma, you find them useful idiots, but when they talk about all that God and religion stuff they are insufferable.
 
Now you respect nuns. As long as they buy into the left's dogma, you find them useful idiots, but when they talk about all that God and religion stuff they are insufferable.
Meh. Even among those such as myself who have a lot of respect for nuns, there are "better" orders and "worse" orders.
 
I'm confused as to what legal theory they could use to stop the company from producing the rifles.

The fact that you own stock only means you could potentially put it up for a vote at a stockholders meeting.

Gives them standing.
 
The sad part is, AR-15 style rifles account for a relatively small percentage of firearm related murders, be it mass shootings or otherwise. I guess going after handguns would have been too much for the Sisters. Also, there are actually bigger manufacturers than S&W. Perhaps they should have gone after Colt instead?
 
“They are not the sporting rifles that members of our own families and other responsible gun owners value.”
973.jpg
 
This part is laughable -
“These rifles have no purpose other than mass murder,” the statement read. “They are not the sporting rifles that members of our own families and other responsible gun owners value.”

There are an estimated 20 million AR-15 style firearms in the US. I'd say an extremely high percentage of the gun owners are responsible. Estimates are 300 - 400 murders per year for all rifles since 2007.

In contrast, nearly 1700 people are murdered on average using a knife each year.
 
BTW, amused that the post got that story out today at 0500, given that their cub reporters have spent the day walking a picket line outside the window my office today. apparently they are upset the company is rif'ing a bunch of them since they are in a dying industry and none of them show up for work anyway since they can monitor other people's twitter feeds from home for stories just as easily. Naturally, they brought the giant inflatable rat (which used to be a highlight of most SEIU janitor protests in DC but i'd not seen in a while) with them to the event, because you really can't have a protest without a giant inflatable rat right? (Personally, I think it might have worked if they's added a giant inflatable smiling penis (Bezos-style) to the front of it as if it were some sort of Peter Gabriel Slipperman costume from the Genesis days).
 
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A coalition of Catholic nuns has filed a lawsuit against gunmaker Smith & Wesson, calling for the company to stop producing AR-style rifles, which the women claim are “the weapon of choice for numerous mass murderers.”

The lawsuit, filed Tuesday in a Nevada district court, alleges that Smith & Wesson has repeatedly ignored “red flags” and failed to respond appropriately to mass shootings in the United States. The lawsuit references some of the deadliest mass killings in recent U.S. history — including at a movie theater in Aurora, Colo., in 2012; a high school in Parkland, Fla., in 2018; and an elementary school in Uvalde, Tex., in 2022.

Smith & Wesson did not immediately respond to a request for comment Wednesday evening. Lawrence Keane of the National Shooting Sports Foundation, a trade group for gunmakers, described the lawsuit as “frivolous” in an interview with the Wall Street Journal.


ADVERTISING


“This same group has been filing shareholder proposals and losing so I guess they’re trying a new tactic,” he told the paper.
The nuns, who represent four congregations, said in a joint statement on Tuesday that AR-style rifles “have stolen the lives of so many innocent people and devastated communities across the nation.” They added that, as Smith & Wesson stockholders, they have supported resolutions for the company to explain to shareholders the “exposure to risk and liability” pertaining to its manufacturing of AR-style rifles.
“These rifles have no purpose other than mass murder,” the statement read. “They are not the sporting rifles that members of our own families and other responsible gun owners value.”

Jeffrey Norton, an attorney representing the nuns, said in a statement to The Washington Post that his clients are “activist investors,” meaning they buy stock in a company to pursue a certain goal.


“We are proud to partner with these congregations of Catholic Sisters who have long sought corporate responsibility through their shareholder activism,” Norton said in a news release on Tuesday.

The action is not the first of its kind. In 2018, shareholders, including some faith-based organizations, passed a resolution requiring Smith & Wesson to create a report about how it would address the safety risks its products posed, CNBC reported. Smith & Wesson has also faced several lawsuits from shooting survivors and victims’ families.

Founded in 1852, Smith & Wesson produced pistols, revolvers and other firearms for more than 150 years before it began producing long guns in 2006. The company’s first rifle series debuted in February of that year.
Afterward, Smith & Wesson saw a rise in profits and was “seemingly unfazed by the exponential rise in gun deaths and mass shootings carried out with its product,” the lawsuit alleges. It adds that AR-style rifles were used in mass killings, including in Colorado Springs, Nashville and Uvalde.


Smith & Wesson producing such weapons makes “it more difficult and more dangerous for law enforcement to respond” to mass killings, the lawsuit states, referencing the Robb Elementary School massacre in Uvalde, where officers waited more than an hour before entering a classroom to confront the gunman.

The nuns also accuse Smith & Wesson of using “aesthetic marketing,” including advertisements that are geared toward young people “despite the fact that many states impose age restrictions” on purchasing firearms. Smith & Wesson also does not have a system for “tracking injuries and deaths caused by” its rifles, “whether from accidental discharge, product malfunction, or deliberate use,” the lawsuit alleges.
The suit calls on Smith & Wesson to revise its policies to protect the company and stockholders “from a repeat of the damaging events.” In their statement Tuesday, the nuns urged Smith & Wesson to return to its production cycle pre-2006 — before it manufactured long guns and “held itself as a successful beacon of responsible gun ownership.”
One of the first pages of the lawsuit is taken up almost entirely by a single photo captured in the aftermath of the attack in the Aurora movie theater.
The image shows the AR-style rifle the gunman used in the attack laying between a pair of bright pink flip flops, the ground splattered with blood.
“It’s horrific,” Norton said in a statement. “That’s the point.”
They better listen to them...
tumblr_mnbzr17o9C1qedb29o1_500.gif
 
Roman Catholic Nuns take a vow of Chastity, P0VERTY, and
Obedience. Where did they get the money to buy shares
of Smith and Wesson? Somebody is bankrolling these nuns
because they do not have the cash to buy these shares.
I don't think that jar of pennies that was intended to save a pagan baby in Africa ever made it across the pond. The only thing I know for sure is that in close quarters combat, I would take Sister Crosologa with a geography book over a mental case with an AR...
 
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