Press release from Business Wire
Kendall Law Group Announces Investigation of Smith & Wesson Holding Corporation for Shareholders
Friday, July 09, 2010
Kendall Law Group Announces Investigation of Smith & Wesson Holding Corporation for Shareholders12:35 EDT Friday, July 09, 2010 DALLAS (Business Wire) -- Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating Smith & Wesson Holding Corporation (NASDAQ: SWHC) for shareholders. The investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives in connection with US Department of Justice (DOJ) investigations into potential violations of the Foreign Corrupt Practices Act (FCPA). Concerned Smith & Wesson shareholders should contact the Kendall Law Group at 877-744-3728 or by email at email@example.com. In an annual report filed on July 1, 2010, Smith & Wesson disclosed the DOJ investigation. On January 19, 2010, the DOJ unsealed indictments of 22 individuals from the firearm industry that alleged the defendants “conspired to pay bribes for supply contracts” to an undercover FBI agent posing as a representative of an African nation. Smith & Wesson confirmed that one of the defendants was their vice president of sales for their International & U.S. Law Enforcement division. Smith & Wesson acknowledged that the company “could be prevented from bidding on domestic military and government contracts, and could risk debarment by the U.S. Department of State.” Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm represents shareholders nationwide when publicly traded companies violate the law. Shareholders are urged to contact attorney Scott Kendall for more information.