TRINITY WALL STREET v. WAL-MART STORES, INC.

No. 14-4764.

792 F.3d 323 (2015)

TRINITY WALL STREET v. WAL-MART STORES, INC., Appellant.

United States Court of Appeals, Third Circuit.

Opinion filed: July 6, 2015.


Attorney(s) appearing for the Case

Theodore J. Boutrous, Jr., Esquire , (Argued), Gibson Dunn , Los Angeles, CA, Philip A. Rovern, Esquire , Matthew E. Fisher, Esquire , Angela C. Whitesell, Esquire , Potter, Anderson & Corroon, Wilmington, DE, Adam H. Offenhartz, Esquire , Aric H. Wu, Esquire , Gibson Dunn , New York, N.Y., for Appellant.

Christopher M. Foulds, Esquire , Joel E. Friedlander, Esquire , (Argued), Jeffrey M. Gorris, Esquire , Friedlander & Gorris, Wilmington, DE, for Appellee.

Robert A. Long, Jr., Esquire , Keir D. Gumbs, Esquire , David B.H. Martin, Esquire , Reid Hooper, Esquire , Ali Mojibi, Esquire , Covington & Burling, L.L.P., Stacy Linden, Esquire , Peter Tolsdorf, Esquire , American Petroleum Institute, Washington DC, for Amicus Appellants American Petroleum Institute, Business Roundtable, Chamber of Commerce of the United States of America.

Cory Andrews, Esquire , Richard A. Samp, Esquire , Washington Legal Foundation, Washington, DC, for Amicus Appellant Washington Legal Foundation.

Richard L. Wyatt, Jr., Esquire , Neil K. Gilman, Esquire , Steven M. Haas, Esquire , Scott H. Kimpel, Esquire , J. Steven Patterson, Esquire , Hunton & Williams, LLP, Linda Kelly, Esquire , Patrick Forrest, Esquire , National Association of Manufacturers, Washington, DC, for Amicus Appellant National Association of Manufacturers.

William B. Chandler, III, Esquire , Bradley D. Sorrels, Esquire , Ian R. Liston, Esquire , Wilson, Sonsini, Goodrich & Rosati, P.C. Wilmington, DE, Gideon A. Schor, Esquire , Wilson, Sonsini, Goodrich & Rosati, P.C., New York, N.Y., Deborah R. White , Retail Litigation Center, Inc., Arlington, VA, Counsel for Amicus Appellant Retail Litigation Center Inc.

Paul J. Lockwood, Esquire , Elisa M.C. Klein, Esquire , Skadden, Arps, Slate, Meagher & Flom, L.L.P., Wilmington, DE, Brian V. Breheny, Esquire , Hagen J. Ganem, Esquire , Skadden, Arps, Slate, Meagher & Flom, L.L.P., Washington, DC, Darla C. Stuckey, Esquire , Society of Corporate Secretaries, and Governance Professionals, Inc., New York, N.Y., for Amicus Appellant Society of Corporate Secretaries and Governance Professionals Inc.

Jeffrey W. Golan, Esquire , Lisa M. Port, Esquire , Barrack, Rodos & Bacine, Philadelphia, PA, for Amicus Appellee Robert F. Kennedy Center for Justice & Human Rights.

Maureen Barden, Esquire , Philadelphia, PA, Richard J. Davis, Esquire New York, N.Y., for Amicus Appellees Mark Barden, Jacqueline Barden, Ian Hockley Nicole Hockley, Bill Sherlach, Leonard Pozner, Veronique Pozner, Gilles Rousseau, Law Center to Prevent Gun Violence.

Rolin P. Bissell, Esquire , John J. Paschetto, Esquire , Benjamin Potts, Esquire , Young, Conaway, Stargatt & Taylor, Wilmington, DE, for Amicus Appellee (Corporate and Securities Law Professors): Lynn Stout, Jayne Barnard, William A. Birdthistle, Norman D. Bishara, Margaret M. Blair, Douglas M. Branson, James D. Cox, Michael B. Dorff, Lisa M. Fairfax, Tamar Frankel, Brandon L. Garrett, Kent Greenfield, Daniel J.H. Greenwood, Jon Hanson, Thomas Lee Hazen, Robert C. Hockett, Robert J. Jackson, Jr., Lyman Johnson, Renee M. Jones, Thomas W. Joo, Donald C. Langevoort, Patricia A. McCoy, Donna M. Nagy, Lisa H. Nicholson, Charles R.T. O'Kelley, Saule T. Omarova, Stefan J. Padfield, Alan R. Palmiter, Frank Partnoy, Brian J.M. Quinn, Margaret V. Sachs, Cindy A. Schipani, Jennifer Taub, Kelly Y. Testy, Cheryl L. Wade, David H. Webber, Cynthia Williams, Adam Winkler.

Before AMBRO, VANASKIE, and SHWARTZ, Circuit Judges.


OPINION OF THE COURT

Table of Contents

  I.  INTRODUCTION ..................................................................... 327

 II.  FACTS & PROCEDURAL HISTORY ....................................................... 328
      A.  Trinity Objects to Wal-Mart's Sale of Assault Rifles...

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