SARNACKI v. GOLDEN

No. 14-1414.

778 F.3d 217 (2015)

Aaron SARNACKI, derivatively on behalf of Smith & Wesson Holding Corporation, Plaintiff, Appellant, v. Michael F. GOLDEN; John A. Kelly; Barry M. Monheit; Kenneth W. Chandler; John B. Furman; I. Marie Wadecki; Jeffrey D. Buchanan; Robert L. Scott; Mitchell A. Saltz; Colton R. Melby; Ann B. Makkiya; Leland A. Nichols; Thomas L. Taylor; Smith & Wesson Holding Corporation, Defendants, Appellees.

United States Court of Appeals, First Circuit.

February 4, 2015.


Attorney(s) appearing for the Case

Julia M. Williams , with whom Craig W. Smith , Robbins Arroyo LLP, Terence K. Ankner , and Partridge, Ankner & Horstmann, LLP were on brief, for appellant.

John A. Sten , with whom Jason C. Moreau , Victoria E. Thavaseelan , and McDermott Will & Emery LLP were on brief, for appellees.

Before LYNCH, Chief Judge, STAHL and KAYATTA, Circuit Judges.


This is a shareholder derivative suit under state law which, after investigation by a Special Litigation Committee, the corporation rejected. It is one of several suits alleging that Smith & Wesson Holding Corporation ("Smith & Wesson") made misleading public statements in 2007 about demand for its products. We previously...

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