Sturm, Ruger & Company hit by Shareholder Lawsuit

Class Action Lawsuit on behalf of certain investors in Sturm, Ruger & Company (Public, NYSE:RGR) over alleged violations of securities laws by Sturm, Ruger & Co

If you purchased Sturm, Ruger & Company, Inc. (NYSE: RGR)

between April 23, 2007 and October 29, 2007, you have certain options and there are strict and short deadlines running. Deadline: October 09, 2009. Those investors and current long term RGR investors should contact the

Foundation, Inc. at Email: mail@shareholdersfoundation.com or call us at: +1 (858) 779 – 1554. According to the complaint the plaintiff alleges that Sturm Ruger & Company, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between April 23, 2007 and October 29, 2007 statements about Sturm Ruger & Company’s revenues and earnings, that were allegedly materially false and misleading because defendants misrepresented and/or failed to disclose the specific adverse facts. Then on October 24, 2007, when Sturm Ruger & Company, Inc announced that its firearm sales for the third quarter of 2007 fell 26%, resulting in a loss of $0.03 per share, and that sales had declined due to inventory issues at its distributors. Following this news, the price of Sturm, Ruger & Company, Inc. (NYSE: RGR) common stock fell by $6.45 per share, closing at $10.65 per share – a one-day decline of more than 37% on volume of 4.1 million shares, so the lawsuit.
Sturm, Ruger & Company, located in Southport, CT, is principally engaged in the design, manufacture and sale of firearms to domestic customers. Sturm, Ruger & Company’s design and manufacturing operations are located in the United States and substantially all product content is domestic. Sturm, Ruger & Company (Public, NYSE:RGR) reported in 2007 Total Revenue of $156.49million with a Net Income of $10.33million and in 2008 Total Revenue of $181.48million with a Net Income of $8.67million. Shares of Sturm, Ruger & Company (Public, NYSE:RGR) traded recently at $12.30 per share, down from a 52weekHigh of $15.20 per share and $20.37 per share in 2007. Those who purchased Sturm, Ruger & Company, Inc. (NYSE: RGR) common stock between April 23, 2007 and October 29, 2007, have certain options and there are strict and short deadlines running. Deadline: October 09, 2009. Those investors and current long term RGR investors should contact the Shareholders Foundation.