An investigation on behalf of former and current employees of Sturm, Ruger & Company (Public, NYSE:RGR) concerning potential Employee Retirement Income Security Act (ERISA) Breach of Fiduciary Duty was announced.

Sturm, Ruger & Company has been accused of securities fraud and according to a an investigation by a law firm under ERISA employees (former and current) of Sturm, Ruger & Company may be eligible to file a ERISA complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. The Fiduciary duty refers to a companys responsibility to the people who invest in it and if an employer puts the companys interest ahead of the investors, it has broken its fiduciary duty, so the investigation. An investor in shares of Sturm, Ruger & Company (Public, NYSE:RGR) has filed a proposed securities class action lawsuit in the United States District Court for the District of Connecticut on behalf of purchasers of Sturm, Ruger & Company, Inc. (NYSE: RGR) common stock between April 23, 2007 and October 29, 2007 against Sturm, Ruger & Company and others over alleged Federal Securities Laws violations. According to the complaint the plaintiff alleges that Sturm Ruger & Company, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between April 23, 2007 and October 29, 2007 statements about Sturm Ruger & Companys revenues and earnings, that were allegedly materially false and misleading because defendants misrepresented and/or failed to disclose the specific adverse facts. Then on October 24, 2007, when Sturm Ruger & Company, Inc announced that its firearm sales for the third quarter of 2007 fell 26%, resulting in a loss of $0.03 per share, and that sales had declined due to inventory issues at its distributors. Following this news, the price of Sturm, Ruger & Company, Inc. (NYSE: RGR) common stock fell by $6.45 per share, closing at $10.65 per share a one-day decline of more than 37% on volume of 4.1 million shares, so the lawsuit.

Sturm, Ruger & Company, located in Southport, CT, is principally engaged in the design, manufacture and sale of firearms to domestic customers. Sturm, Ruger & Companys design and manufacturing operations are located in the United States and substantially all product content is domestic. Sturm, Ruger & Company (Public, NYSE:RGR) reported in 2007 Total Revenue of $156.49million with a Net Income of $10.33million and in 2008 Total Revenue of $181.48million with a Net Income of $8.67million. Shares of Sturm, Ruger & Company (Public, NYSE:RGR) traded recently at $12.30 per share, down from a 52weekHigh of $15.20 per share and $20.37 per share in 2007.