Liberal activist shareholders set to sue Smith & Wesson as part of ESG push to cripple gun manufacturers
BY Herschel Smith1 year ago
Liberal activists are preparing to file a lawsuit against the board of one of the largest gun manufacturers in the United States, alleging that the company exposed shareholders to unnecessary liability by selling and promoting AR-15 rifles and thus violating their fiduciary duty.
In a draft of a lawsuit viewed by Fox News Digital expected to be filed this week, liberal activist shareholder plantiffs alleged that the board of Smith & Wesson “knowingly allowed the Company to become exposed to significant liability for intentionally violating federal, state, and local laws through its manufacturing, marketing, and sales of AR-15 style rifles and similar semiautomatic firearms.”
The draft explains that the company’s board has expressed “unwillingness to exercise any oversight whatsoever” when it comes to manufacturing and marketing AR-15s, which the shareholders say has exposed the company to unnecessary liability.
The lawsuit is the latest in a series of moves made by liberal activists across the country using the legal system to go after gun manufacturers as a part of a larger movement known as environmental, social, and governance (ESG), which puts pressure on investors to be more “socially conscious.”
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Two of the plaintiffs in the case are led by Sister Judy Byron, an anti-gun activist who recently participated in drafting a statement from the Interfaith Center on Corporate Responsibility, where “investors representing $634 billion in assets” called for pressure on gun manufacturers and companies associated with them “to review their operations, supply chains and policies and take meaningful action on this public safety concern.”
Sisten Judy Byron. Part of a false and anti-Christian church, pushing a false agenda, destroying the hard work of good men, and ruining the lives of millions.
Here is Jared Yanis on the subject.
S&W will need to play rough in order to turn this threat out before it takes roots or they’ll end up another Remington. Kill this movement in its infancy inside your group of shareholders. Hire the best lawyers. Buy them out. Boot them out of meetings. Boot them out of stock ownership if possible. Amend the rules if needed.
Play rough. They already are.