• bitcoinBitcoin(BTC)$78,920.000.55%
  • ethereumEthereum(ETH)$2,486.790.31%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$750.50-0.73%
  • rippleXRP(XRP)$1.421.83%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$103.740.42%
  • tronTRON(TRX)$0.3388900.32%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.040.00%
  • zcashZcash(ZEC)$1,243.748.20%
  • HyperliquidHyperliquid(HYPE)$86.172.99%
  • dogecoinDogecoin(DOGE)$0.0907490.72%
  • RainRain(RAIN)$0.015950-5.81%
  • USDSUSDS(USDS)$1.000.01%
  • whitebitWhiteBIT Coin(WBT)$81.533.87%
  • moneroMonero(XMR)$496.34-2.71%
  • chainlinkChainlink(LINK)$12.08-4.32%
  • leo-tokenLEO Token(LEO)$9.200.16%
  • cardanoCardano(ADA)$0.218643-0.15%
  • stellarStellar(XLM)$0.188219-0.98%
  • bitcoin-cashBitcoin Cash(BCH)$258.270.59%
  • daiDai(DAI)$1.00-0.01%
  • Ethena USDeEthena USDe(USDE)$1.000.01%
  • USD1USD1(USD1)$1.00-0.01%
  • CantonCanton(CC)$0.1065531.65%
  • litecoinLitecoin(LTC)$53.98-2.94%
  • uniswapUniswap(UNI)$6.65-5.21%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.400.16%
  • hedera-hashgraphHedera(HBAR)$0.078546-2.16%
  • avalanche-2Avalanche(AVAX)$7.94-1.53%
  • Global DollarGlobal Dollar(USDG)$1.00-0.01%
  • nearNEAR Protocol(NEAR)$2.5410.07%
  • suiSui(SUI)$0.81-1.48%
  • shiba-inuShiba Inu(SHIB)$0.000005-0.80%
  • crypto-com-chainCronos(CRO)$0.0600751.56%
  • paypal-usdPayPal USD(PYUSD)$1.000.01%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • MemeCoreMemeCore(M)$1.190.25%
  • tether-goldTether Gold(XAUT)$4,397.530.10%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • BittensorBittensor(TAO)$260.121.80%
  • Ripple USDRipple USD(RLUSD)$1.000.02%
  • okbOKB(OKB)$114.43-1.04%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.140.12%
  • mantleMantle(MNT)$0.642.11%
  • AsterAster(ASTER)$0.75-1.01%
  • polkadotPolkadot(DOT)$1.188.56%
  • aaveAave(AAVE)$128.97-1.35%
  • pax-goldPAX Gold(PAXG)$4,402.770.11%
  • Pump.funPump.fun(PUMP)$0.0044471.75%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Catholic nuns sue Smith & Wesson to halt sales of AR-15 assault rifles

December 5, 2023
in Business
Reading Time: 7 mins read
A A
Catholic nuns sue Smith & Wesson to halt sales of AR-15 assault rifles
ShareShareShareShareShare

A group of Catholic nuns on Tuesday sued the board of Smith & Wesson to try to force the gunmaker to abandon the manufacture, marketing and sales of assault-style rifles that have been used in US mass shootings.

The nuns, in a lawsuit filed in state court in Nevada, allege that Smith & Wesson’s directors and senior management exposed the company to significant liability by intentionally violating federal, state and local laws and failing to respond to lawsuits over mass shootings.

YOU MAY ALSO LIKE

Unrepentant Elizabeth Holmes already plotting biotech comeback from behind bars

Tooley Oil is selling its NorCal convenience stores and car washes

“These rifles have no purpose other than mass murder,” the nuns said in a statement.

Smith & Wesson, which is incorporated in Nevada, did not respond immediately to a request for comment.

AR-15 assault-style rifles have been used in a number of mass shootings that have shocked Americans.

The first page of the lawsuit contains a photo from a mass shooting at a Colorado cinema in 2012 that showed a Smith & Wesson assault rifle on the blood-splattered ground next to pink sandals. Twelve people died and 70 were injured in the attack.

The group of nuns filed the lawsuit in their role as Smith & Wesson shareholders, in what is known as a derivative lawsuit. Such lawsuits seek to hold corporate boards liable for breaches of their duties to shareholders, although courts generally find boards are protected from lawsuits for good-faith decisions.


The nuns allege that Smith & Wesson’s directors and senior management exposed the company to significant liability by intentionally violating federal, state and local laws and failing to respond to lawsuits over mass shootings. REUTERS

If successful, the lawsuit would hold the company’s directors liable for any costs associated with the allegedly illegal marketing of assault rifles and any damages would be paid to Smith & Wesson, not the plaintiffs.

The lawsuit is the first derivate case against a board over assault rifles, according to Jeffrey Norton, an attorney for the nuns.

The nuns alleged that the directors of Smith & Wesson have ignored growing legal risks from making assault-style rifles.

For many years, gunmakers enjoyed broad immunity for liability from mass shootings due to a 2005 US law known as the Protection of Lawful Commerce in Arms Act. But last year, rival gunmaker Remington agreed to pay $73 million to settle claims by families of the victims of the 2012 shooting at the Sandy Hook Elementary School in Connecticut, which has encouraged others to sue over mass shootings.


AR-15 style rifles are displayed
AR-15 assault-style rifles have been used in a number of mass shootings. REUTERS

In addition, New York, Illinois and California are among the states that have adopted laws that either ban assault rifles or make it easier to sue over their use.

At the same time, the US Supreme Court and many other states have taken steps to expand gun-owner rights.

Smith & Wesson warned in its 2022 annual report that it might have to pay significant damages due to legal proceedings against the company.

The case in Nevada was brought by the Adrian Dominican Sisters of Adrian, Michigan; Sisters of Bon Secours USA of Marriottsville, Md.; Sisters of St. Francis of Philadelphia of Aston, Pa.; and Sisters of the Holy Names of Jesus & Mary, US-Ontario Province of Marylhurst, Ore.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Unrepentant Elizabeth Holmes already plotting biotech comeback from behind bars
Business

Unrepentant Elizabeth Holmes already plotting biotech comeback from behind bars

September 9, 2026
Tooley Oil is selling its NorCal convenience stores and car washes
Business

Tooley Oil is selling its NorCal convenience stores and car washes

September 8, 2026
Mamdani faces new lawsuit over NYC-run grocery stores alleging unfair competition
Business

Mamdani faces new lawsuit over NYC-run grocery stores alleging unfair competition

September 8, 2026
Fired ’60 Minutes’ producer rips CBS News revamp under Bari Weiss: ‘exceptional haircuts’
Business

Fired ’60 Minutes’ producer rips CBS News revamp under Bari Weiss: ‘exceptional haircuts’

September 8, 2026
Next Post
No Mean Feat: With Guests Albert Chen & Elizabeth Tipton

No Mean Feat: With Guests Albert Chen & Elizabeth Tipton

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Meet Switchyard: A Rust Proxy and Library That Routes and Translates LLM Traffic Across OpenAI and Anthropic APIs

Meet Switchyard: A Rust Proxy and Library That Routes and Translates LLM Traffic Across OpenAI and Anthropic APIs

September 2, 2026
Hunter Biden launches crypto meme coin making light of laptop scandal

Hunter Biden launches crypto meme coin making light of laptop scandal

September 7, 2026
Gen X driving comebacks for nostalgic fashion brands

Gen X driving comebacks for nostalgic fashion brands

September 7, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!