Wednesday, April 15, 2015

Wal-Mart Wins Gun Case With Third Circuit Reversal

From Legal Intelligencer-

Wal-Mart won back control of its policy for the sale of guns with high-capacity magazines with a short order from the Third Circuit on Tuesday.

The appeals court reversed a December decision from the District of Delaware that had ruled Wal-Mart would have to include in its annual report to shareholders, called a proxy statement, a proposal from one of its shareholders, an Episcopal church in New York that filed under the name Trinity Wall Street, that would ask them to vote on putting the oversight of policies concerning the sale of certain merchandise, including guns with high-capacity magazines, in the hands of the board.
The company has to go to the printer with its proxy statement by Thursday, so the U.S. Court of Appeals for the Third Circuit issued its decision in less than a week. It heard arguments last Wednesday and gave its two-page order Tuesday afternoon. It will issue a full opinion with its reasoning at a later date, according to the order, signed by Judge Thomas L. Ambro.

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