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Attendees inspect Smith and Wesson firearms at the National Rifle Association's (NRA) annual meeting, in Indianapolis, Indiana, U.S., April 28, 2019. Smith & Wesson, which is incorporated in Nevada, did not respond immediately to a request for comment. The group of nuns filed the lawsuit in their role as Smith & Wesson shareholders, in what is known as a derivative lawsuit. The nuns alleged that the directors of Smith & Wesson have ignored growing legal risks from making assault-style rifles. Smith & Wesson warned in its 2022 annual report that it might have to pay significant damages due to legal proceedings against the company.

Persons: Smith, Bryan Woolston, Jeffrey Norton, gunmakers, gunmaker Remington, Adrian Dominican, Bon, Francis of Philadelphia, Jesus, Tom Hals, Alexia Garamfalvi, Leslie Adler Organizations: Wesson, REUTERS, Smith, Tuesday, Smith & Wesson, Sandy, Elementary, U.S, Supreme, Adrian, Bon Secours, St, Jesus &, Thomson Locations: Indianapolis , Indiana, U.S, WILMINGTON , Delaware, Nevada, Colorado, Connecticut, New York , Illinois, California, Adrian , Michigan, Marriottsville , Maryland, Aston , Pennsylvania, Ontario Province, Marylhurst , Oregon, Wilmington , Delaware

☆ US Halts Exports of Most Civilian Firearms for 90 Days
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) -The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co., Smith & Wesson Brands and Vista Outdoor, could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: WASHINGTON, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Vista, Overseas, Commerce Locations: U.S, Washington, Ukraine, Israel

☆ US halts exports of most civilian firearms for 90 days
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 27 (Reuters) - The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co. (RGR.N), Smith & Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N), could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Joshua Roberts, Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: of Commerce, REUTERS, Rights, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Overseas, Commerce, Thomson Locations: Washington , U.S, U.S, Washington, Ukraine, Israel

[1/2] A woman holds a Smith and Wesson handgun at the National Rifle Association's (NRA) annual meeting, in Indianapolis, Indiana, U.S., April 28, 2019. REUTERS/Bryan Woolston/File PhotoBOSTON, July 24 (Reuters) - The Mexican government on Monday urged a U.S. appeals court to revive a $10 billion lawsuit seeking to hold U.S. gun manufacturers responsible for facilitating the trafficking of weapons to drug cartels across the U.S.-Mexico border. Circuit Court of Appeals in Boston questioned whether a lower-court judge wrongly concluded that a U.S. law barred Mexico from suing Smith & Wesson Brands (SWBI.O), Sturm, Ruger & Co (RGR.N) and others. "What we want is an injunction to make these defendants start paying attention to their distribution systems," he said. "You have licensed manufacturers that sell to licensed distributors that sell to licensed retailers that sell to individuals who satisfy the requirements of federal law, but some of them happen to be straw purchasers," he said.

Persons: Smith, Bryan Woolston, Sturm, Steve Shadowen, Noel Francisco, William Kayatta, Kayatta, Nate Raymond, Bill Berkrot Organizations: Wesson, REUTERS, BOSTON, 1st U.S, Circuit, Wesson Brands, Ruger, Co, Beretta USA, Barrett Firearms Manufacturing, Colt's Manufacturing, Glock Inc, Smith & Wesson, Thomson Locations: Indianapolis , Indiana, U.S, Mexico, Boston, United States

☆ Mexico launches appeal in suit against U.S. gun makers
▼ + stars: | 2023-03-16 | by ( Sarah Morland | ) www.reuters.com time to read: +2 min

MEXICO CITY, March 15 (Reuters) - Mexico has filed an appeal in a civil lawsuit against U.S.-based gun manufacturers, it said on Wednesday, looking to crack down on the trafficking of weapons to powerful drug cartels. A U.S. judge in September dismissed the $10 billion lawsuit seeking to hold U.S. gun makers responsible for facilitating the trafficking of deadly weapons across the border. The issue of gun violence in Mexico has drawn new scrutiny on both sides of the border in recent days following the cartel-linked kidnapping of four Americans in the northern state of Tamaulipas, during which two of them and a Mexican bystander were killed. Mexico is not the only country in the region to be plagued by gun violence. Reporting by Sarah Morland; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Lucas JacksonCompanies Smith & Wesson Brands Inc FollowDec 20 (Reuters) - The upstate New York city of Buffalo on Tuesday filed a lawsuit in state court accusing major gun manufacturers of fueling violence through irresponsible marketing and sales practices. Defendants in the lawsuit include Smith & Wesson Brands Inc (SWBI.O), Beretta USA Corp, Bushmaster Firearms Industries Inc, Colt's Manufacturing Co LLC and Glock Inc. The city is seeking an unspecified money award to combat gun violence. The case appeared to be the first time a city has sued major gun companies under a 2021 New York law that allows lawsuits against gun makers and sellers for creating a "public nuisance" through their business practices. Reporting By Brendan Pierson in New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Gun industry faces a new wave of lawsuits that could reshape how firearms are sold
▼ + stars: | 2022-10-06 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

The families of three children who survived the Uvalde, Texas, school shooting earlier this year are pursuing legal action in separate cases, as well. But survivors, victims, family members and gun law advocates see an opportunity to hold manufacturers and dealers liable by calling into question their sales and marketing practices. The Highland Park suits were filed in Lake County Circuit Court on behalf of the family members of people who were killed. The plaintiffs allege Smith & Wesson used deceptive marketing strategies to "appeal to the impulsive, risk-taking tendencies of civilian adolescent and post-adolescent males." CNBC reached out to Smith Wesson, Bud's Gun Shop and Red Dot Arms for comment.

☆ Smith & Wesson Sued by Families of Highland Park Shooting Victims
▼ + stars: | 2022-09-29 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

A memorial for the seven people killed in the Fourth of July mass shooting in Highland Park, Ill. The families of victims of the Fourth of July mass shooting in Highland Park, Ill., are suing gun maker Smith & Wesson Brands Inc. for its alleged role in the attack that left seven dead and dozens injured. The civil lawsuits, filed Wednesday in Lake County Circuit Court, allege Smith & Wesson used deceptive and unfair marketing strategies that violate Illinois law and target “the risk-seeking—and often troubling—desires” of “disturbed young men.”

Attendee inspect Smith and Wesson firearms at the National Rifle Association's (NRA) annual meeting, in Indianapolis, Indiana, U.S., April 28, 2019. Smith & Wesson did not immediately respond to a request for comment. Wednesday's lawsuits allege that Smith & Wesson knowingly advertised its weapons, including the M&P-model rifle used by Crimo, to appeal to "militaristic fantasies" of troubled young men. "(Crimo) and other would-be mass shooters are highly susceptible to the disturbing promotional messages from Smith & Wesson," the lawsuits said. They are asking the court to stop Smith & Wesson from the allegedly illegal marketing, including by putting age restrictions on social media content and removing military references, and to award unspecified monetary damages.

☆ Lawmakers ask Commerce Dept. to curb U.S. gun exports - letter
▼ + stars: | 2022-09-28 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

The letter, which was signed by Warren, Senator Chris Murphy and U.S. Representative Joaquin Castro, was sent to Commerce Secretary Gina Raimondo. Register now for FREE unlimited access to Reuters.com RegisterIn 2020, President Donald Trump's administration eased firearms exports when it moved export license oversight from the U.S. State Department to the Commerce Department. However, in the first 16 months since the Commerce Department took over firearm export licensing, it approved nearly $16 billion worth of licenses. The lawmakers, citing U.S government data, said that was a 30% increase from when the State Department controlled firearms licensing. Warren and the other Democrats also expressed concern that since taking over oversight, the Commerce Department had denied 0.4% of license applications and approved 95%.

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