Smith & Wesson Sues New Jersey Over Subpoena
Smith & Wesson Brands (NASDAQ: SWBI) is accusing New Jersey of going on an "unconstitutional fishing expedition" after it issued a subpoena in October for almost all of the gunmaker's advertising materials that go back decades.
In a lawsuit filed against the state on Tuesday, the leading firearms manufacturer asked a New Jersey federal court to block enforcement of the subpoena, which is supposedly looking for instances of consumer fraud through false advertising.
Smith & Wesson says the subpoena is not actually a "legitimate inquiry into any purported fraud, and instead targets mere opinions and other protected statements allegedly made by Smith & Wesson."
Source Fool.com
