An appeals court has ruled in favor of Wal-Mart and against Trinity Church in a case that could change the way public companies make business decisions and decide what products they sell. The ruling by the Third Circuit Court of Appeals reverses a lower court decision that Wal-Mart must let Trinity Church submit, in the company’s annual report to shareholders, a proposal that would give shareholders oversight over the sale of rifles with so-called “high-capacity magazines.”
The court is set to issue a full opinion with its reasoning at a later date, according to the order signed by Judge Thomas L. Ambro. The win by Wal-Mart is a big victory for gun owners, as the retail giant is a go-to location for many seeking to purchase firearms.
