Sturm, Ruger & Company, Inc. RGR Securities Stock Fraud

Company:	Sturm, Ruger & Company, Inc.
Ticker Symbol:	RGR
Class Period:	Apr-23-07 to Oct-29-07
Date Filed:	Sep-1-09
Lead Plaintiff Deadline:	Oct-31-09
Court:	District of Connecticut
Allegations:

A lawsuit has been commenced in the United States District Court for the District of Connecticut on behalf of purchasers of Sturm, Ruger & Company, Inc. ("Sturm Ruger" or the "Company") common stock during the period between April 23, 2007 and October 29, 2007 (the "Class Period") for violations of the federal securities laws.

The Complaint alleges that, during the Class Period, defendants made positive statements about the Company's revenues and earnings. As alleged in the Complaint, these statements were materially false and misleading because defendants misrepresented and/or failed to disclose the following adverse facts, among others: (i) that the reductions in inventory balances by Sturm Ruger in the first and second quarters of 2007 had reduced the Company's parts and components inventories below efficient levels, preventing Sturm Ruger's manufacturing units from meeting production and shipment schedules and resulting in the Company's inability to sustain current or historical sales levels; (ii) that Sturm Ruger's "backlog" of unfilled purchase orders was materially inflated because of the Company's inability to meet current production and shipping schedules due to inventory shortages; (iii) that orders received from the Company's independent distributors were artificially boosted by the Company's mandated change to firm and noncancellable purchase order submissions and were not reflective of actual demand for the Company's products; (iv) that Sturm Ruger's independent distributors were carrying large quantities of the Company's unsold products, increasing the risk that these distributors would reduce or curtail their future purchases; and (v) that based on the above, defendants had no reasonable basis for their positive statements and opinions concerning Sturm Ruger's current financial performance and condition.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

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