CORPORATE NEWS

Cleveland Lawsuit Against Firearms Industry Dismissed
September 27, 2005
Sturm, Ruger & Company, Inc. (NYSE: RGR) is pleased to announce that, on the court's own motion, the lawsuit filed by the City of Cleveland against the Company and other members of the firearms industry has been dismissed (White, et. al. v. Smith & Wesson Corp., et. al., United States District Court, Northern District of Ohio, Eastern Division, Case No. 1:99CV1134, September 26, 2005).

In the words of the court:
"This matter has been dormant since December, 2001. There no longer appears to be any reason for this case to remain stayed on this Court's docket. Accordingly, this action is DISMISSED WITHOUT PREJUDICE pursuant to Fed. R. Civ. P. 41(b). Plaintiffs are given leave to re-file these claims on or before January 23, 2006, in the event they determine that they wish to proceed with and prosecute these claims."

The Protection of Lawful Commerce in Arms Act, which passed the U.S. Senate by a 2-to-1 margin in July, is likely to be considered by the House in October. With over 200 bipartisan co sponsors, its passage seems likely, and President Bush had indicated he will sign such a bill. If enacted into law, it would preempt this and similar pending lawsuits, even if the City of Cleveland should attempt to re-file this claim prior to January 23, 2006.


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