Oklahoma Firefighters Pension & Retirement System v. Smith & Wesson Holding Corp.
Court of Appeals for the First Circuit
1Opinion of the Court
BOUDIN, Circuit Judge.
A class of plaintiffs representing purchasers of Smith & Wesson Holding Corporation securities sued the company (“Smith & Wesson”) and two of its high-ranking officers, Michael Golden and John A. Kelly, alleging that the company issued false or misleading public statements about the demand for its products in violation of the Securities' Exchange Act of 1934 and related regulations. 1 The district court granted summary judgment to Smith & Wesson, and the plaintiffs now appeal.
Smith & Wesson is the parent company of the well-known gun manufacturer; Golden was the…
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