Mexico's lawsuit against Arizona gun dealers can proceed, US judge rules [Yahoo! Finance]
Smith & Wesson Brands, Inc. (SWBI)
Company Research
Source: Yahoo! Finance
five Arizona gun dealers of participating in the trafficking of weapons and ammunition to Mexican drug cartels. U.S. District Judge Rosemary Marquez in Tucson rejected arguments that a U.S. law that provides the firearms industry broad protection from lawsuits over their products' misuse precluded Mexico's claims against the gun dealers. Those dealers - Diamondback Shooting Sports Inc, SnG Tactical LLC, Loan Prairie LLC, Ammo A-Z LLC, and Sprague's Sports Inc - argued the federal Protection of Lawful Commerce in Arms Act (PLCAA) shielded them from the lawsuit Mexico filed in 2022. Marquez said Mexico makes plausible claims that are exempt from PLCAA protection, including that the five companies violated various U.S. firearm-related laws, causing harm to the foreign nation. Mexico alleged that the gun dealers facilitated the trafficking of military-style assault weapons like the AR-15 and ammunition to cartels through reckless and unlawful practices, including firearm sales to
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News
- Gun makers urge US Supreme Court to hear appeal in Mexico's lawsuit [Reuters]Reuters
- Gun makers urge US Supreme Court to hear appeal in Mexico's lawsuit [Yahoo! Finance]Yahoo! Finance
- Is There Now An Opportunity In Smith & Wesson Brands, Inc. (NASDAQ:SWBI)? [Yahoo! Finance]Yahoo! Finance
- Those who invested in Smith & Wesson Brands (NASDAQ:SWBI) five years ago are up 159% [Yahoo! Finance]Yahoo! Finance
- Mexico's lawsuit against Arizona gun dealers can proceed, US judge rules [Reuters]Reuters
SWBI
Sec Filings
- 3/22/24 - Form 4
- 3/22/24 - Form 8-K
- 3/20/24 - Form 144
- SWBI's page on the SEC website