Sturm, Ruger & Company faces a securities class action lawsuit over alleged violations of Federal Securities Laws on behalf of purchasers of Sturm, Ruger & Company, Inc. (NYSE: RGR) common stock between April 23, 2007 and October 29, 2007. An investigation on behalf of current long term investors in Sturm, Ruger & Company (Public, NYSE:RGR) concerning possible shareholder claims was announced.

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.