Federal court says shareholders can't debate Wal-Mart gun sales
In a ruling by a U.S. appeals court handed down recently, a previous order to let shareholders vote on a proposal for tighter oversight on selling firearms with high-capacity magazines was reversed. The opinion was an appeal to an earlier U.S. District Court ruling from last December in favor of New York-based Trinity Church, which filed the lawsuit in April 2014 after the retail giant refused to bring the proposal to shareholders and the Securities and Exchange Commission said it would not punish Wal-Mart for excluding it.
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