Wal-Mart Stores Inc. had something to be thankful for last week, having mostly dodged the holiday shopping slump that plagued other big retailers on Black Friday. But so did Wal-Mart foe Joel Friedlander of Friedlander & Gorris and his client Trinity Church, which are pressing an unusual shareholder lawsuit challenging Wal-Mart’s sales of especially lethal guns and other “offensive” products.
Siding with Friedlander, a federal judge in Delaware ruled on Nov. 26 that Wal-Mart can’t block a proxy proposal by the Wall Street Episcopal parish that could force governance reforms at the mega retailer. The ruling paves the way for a shareholder vote on whether Wal-Mart’s board must consider halting sales of high-capacity guns and other products that “would reasonably be considered by many offensive to the family and community values integral to the company’s promotion of its brand.”
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