WILMINGTON, Del. (AP) — Attorneys for a church in
Manhattan are asking a federal judge in Delaware to prohibit Wal-Mart
from sending its annual proxy statement to shareholders because it
doesn’t include its proposal for a shareholder vote involving gun sales.
The
Episcopal parish that includes Trinity Church on Wall Street wants
shareholders to vote on whether the board of Wal-Mart Stores Inc. should
oversee management policy decisions on whether to sell products
considered especially dangerous, harmful to Wal-Mart’s reputation, or
offensive to community and family values.
The proposal is aimed particularly at sales of guns with magazines holding more than 10 rounds.
Wal-Mart
says it is not required to include the proposal in its proxy statement
because it deals with ordinary business operations, an argument accepted
by the Securities and Exchange Commission.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.

WILMINGTON, Del. (AP) — Attorneys for a church in
Manhattan are asking a federal judge in Delaware to prohibit Wal-Mart
from sending its annual proxy statement to shareholders because it
doesn’t include its proposal for a shareholder vote involving gun sales.
The
Episcopal parish that includes Trinity Church on Wall Street wants
shareholders to vote on whether the board of Wal-Mart Stores Inc. should
oversee management policy decisions on whether to sell products
considered especially dangerous, harmful to Wal-Mart’s reputation, or
offensive to community and family values.
The proposal is aimed particularly at sales of guns with magazines holding more than 10 rounds.
Wal-Mart
says it is not required to include the proposal in its proxy statement
because it deals with ordinary business operations, an argument accepted
by the Securities and Exchange Commission.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.