"Liberal Activist Shareholders Launch Lawsuit Against Smith & Wesson in ESG Drive to Disrupt Gun Industry"
Liberal activist shareholders are preparing to sue Smith & Wesson, one of the largest gun manufacturers in the US, alleging that the company violated its fiduciary duty by selling and promoting AR-15 rifles. The lawsuit claims that the company's board failed to exercise oversight, exposing shareholders to unnecessary liability. This legal action is part of a broader movement known as environmental, social, and governance (ESG), which aims to pressure investors to be more socially conscious. Critics argue that ESG investments prioritize political agendas over financial returns, while proponents argue that it helps identify riskier companies and promotes safer returns.