Sturm, Ruger Securities Class Action

Edwards Wildman commercial litigation lawyers in Chicago represented long-time client Sturm, Ruger, a leading firearms manufacturer, against consolidated securities class action claims filed on behalf of Sturm, Ruger shareholders. In action settled in federal court in Connecticut, plaintiffs alleged the company, and certain of its officers, made materially misleading statements and omitted material information about revenues and earnings in the company’s quarterly reports as the company shifted to a new integrated system for manufacturing, procurement and order fulfillment.
Posted on January 1, 2012