From the TD Ameritrade website:

Kendall Law Group Announces Investigation of Smith & Wesson Holding Corporation for Shareholders
12:35p ET July 9, 2010 (Business Wire)

Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating Smith & Wesson Holding Corporation (NASDAQ: SWHC) for shareholders. The investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives in connection with US Department of Justice (DOJ) investigations into potential violations of the Foreign Corrupt Practices Act (FCPA). Concerned Smith & Wesson shareholders should contact the Kendall Law Group at 877-744-3728 or by email at [email protected].

In an annual report filed on July 1, 2010, Smith & Wesson disclosed the DOJ investigation. On January 19, 2010, the DOJ unsealed indictments of 22 individuals from the firearm industry that alleged the defendants "conspired to pay bribes for supply contracts" to an undercover FBI agent posing as a representative of an African nation. Smith & Wesson confirmed that one of the defendants was their vice president of sales for their International & U.S. Law Enforcement division. Smith & Wesson acknowledged that the company "could be prevented from bidding on domestic military and government contracts, and could risk debarment by the U.S. Department of State."

Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm represents shareholders nationwide when publicly traded companies violate the law. Shareholders are urged to contact attorney Scott Kendall for more information.

SOURCE: Kendall Law Group

***********

Goldfarb Branham Law Firm LLP Investigating Smith & Wesson for Shareholders Due to U.S. Government Probe
12:21p ET July 7, 2010 (Business Wire)

Goldfarb Branham LLP is investigating Smith & Wesson (NASDAQ: SWHC) for shareholders due to a U.S. Government probe into potential violations of the Foreign Corrupt Practices Act. If the company or its officers are found guilty, Smith & Wesson could be barred from bidding on any U.S. military or government contracts. Concerned shareholders are urged to contact attorney Hamilton Lindley at 877-583-2855 or [email protected] for information about this investigation.

"Smith & Wesson recently revealed that a Vice President of Sales for International and U.S. Law Enforcement was arrested in a sting operation by the FBI," stated attorney Hamilton Lindley. "He was later indicted by a federal grand jury. Smith & Wesson also admitted there could be additional indictments of the company as well as its officers and employees, which could lead to disbarment by the U.S. Department of State and prevent the company from bidding on any U.S. military or law enforcement contracts."

Lawyers at Goldfarb Branham LLP have been counsel on many significant securities lawsuits nationwide which have led to substantial results for investors. Contact attorney Hamilton Lindley at 877-583-2855 or [email protected] with your questions about this investigation.

SOURCE: Goldfarb Branham LLP

Could this be due to the internal lock?

Made him greedy? Drove him over the edge? No good can come of it.

They should get rid of it.

GF

Something is stinky in an unnamed Scandinavian country...

Five will get you ten that politics are more involved than any violation of law.

Is that law firm in any way connected to any anti-gun organization or individual?

__________________
Lost it all in a boat accident

My guess is that these "lawyers" are wanting to file class action lawsuit against S&W wanting to collect damages in the name of the stockholders.

Of course the law firms will get paid their money FIRST!
If any money is left it will be distributed to the stockholders.

Bekeart

The USA is the only "advanced" nation that does not tolerate "pay for play." Try doing business in Africa, Asia or the Middle East. Your "entertainment" budget better be fat or Airbus (just an example, no hate mail please) makes the sale. Joe

__________________
Wisdom chases me; I'm faster

That may apply overseas, but have you seen what goes on with lobbyists and their kin inside the US. Then when it comes to defence contracts, look how many former military end up as "consultants" a couple of years after the contracts are awarded. Oh, and do not get me started on pork to get votes for bad legislation on Capitol Hill.

Bribery is bribery, and, unfortunately, I must agree it is how most of the developing world works. You are not about to change that position in a buyers' market.

Sadly there are unsavory people in every aspect of our lifes why should S&W no matter how we don't want to believe it could be, be any different. Larry

I predict that the class action security suit if successful will result in a fee for the lawyers of $13 million. Each stockholder will receive a certificate worth $.0467/share in merchandise to be used only at the S&W store, the certificate must be presented in person on Feb 29. All unclaimed funds will go the Judges old law school.

__________________
Ipsis Rebus Dictantitbus

I recall that one congressman, bless his heart, that recently passed was involved in an FBI sting operation, and the only reason he did not accept the bribe was because it wasn't big enough. He won reelection numerous times after that. It seems that congress critters accepting bribes, is deplored, but not enought to send them to jail, or keep them from getting reelcted.

ABSCAM BABY.He was my representative,now one of his boys hold the office.

Both firms are notorious ambulance chasers specializing in fleecing corporation to enrich themselves. They are also investigating BP among many others.

Has nothing to do with principles or issues...only pure greed.

Bob

How did the stock tank? It's been a $4 stock for quite awhile. Look at a graph of the last 5 years. Except for the spike to $20 in '07 it's been same'ol same'ol. joe

__________________
Wisdom chases me; I'm faster