Item 1. Legal Proceedings
ITEM 1. LEGAL PROCEEDINGS
The nature of the legal proceedings
against the Company is discussed at Note 14 to the financial statements, which are included in this Form 10-Q.
The Company has reported all cases
instituted against it through December 31, 2024, and the results of those cases, where terminated, to the SEC on its previous Form 10-Q
and 10-K reports, to which reference is hereby made.
There were three lawsuits formally
instituted against the Company during the three months ending September 27, 2025. Fortenberry
v. Sturm, Ruger & Company, Inc. was served on July 11, 2025 and is pending in the Circuit Court of Arkansas County, Arkansas Northern
District, Civil Division. Willeford v. Sturm, Ruger & Company, Inc. was filed on July 25, 2025 in the United States District
Court for the Eastern District of Texas, Texarkana Division. Thompson v. Sturm, Ruger & Company, Inc. , an employment matter
that was filed in the Superior Court for the State of Arizona, in and for the County of Yavapai, which was filed on August 21, 2025.
During the three months ending
September 27, 2025, the previously reported case of Estados Unidos Mexicanos v. Smith & Wesson Brands, Inc., et al. was dismissed
by the trial court in accordance with the decision of the United States Supreme Court on August 19, 2025.
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