The Second Amendment Foundation (SAF) plaintiffs in Jensen v. ATF submitted a letter to the ATF and DOJ seeking guidance after a federal judge ruled the NFA's registration scheme for short-barreled rifles, shotguns, and suppressors unconstitutional. SAF Executive Director Adam Kraut and founder Alan M. Gottlieb requested clarification on government compliance and enforcement plans.
TOP STORY
Gun Owners of America, Silencer Shop, Brandon Herrera, and Wes Virdell completed the first lawful suppressor transfers without NFA registration since 1934 at Silencer Shop's Leander, Texas location. The historic transfers followed a federal court order enjoining ATF enforcement of NFA registration requirements, made possible through GOA's One Big Beautiful Bill Act and lawsuit efforts.
The Second Amendment Foundation (SAF) and Citizens Committee for the Right to Keep and Bear Arms (CCRKBA) achieved a major victory in Jensen v. ATF when the government failed to appeal a ruling declaring the NFA registration scheme unconstitutional. The injunction is now in effect after President Trump eliminated the $200 tax on short-barreled rifles, suppressors, and other weapons.
The Citizens Committee for the Right to Keep and Bear Arms announced that current and future members are covered by a U.S. District Court ruling striking down NFA registration requirements for short-barreled rifles, shotguns, and suppressors. The case, Jensen v. ATF, was supported by FPC Action Foundation, Texas Rifle Association, Hot Shots Custom, and the Second Amendment Foundation.
A U.S. District Court judge ruled that NFA registration requirements for short-barreled rifles and suppressors are unconstitutional in Jensen v. ATF, a case supported by the Second Amendment Foundation (SAF), Citizens Committee for the Right to Keep and Bear Arms, FPC Action Foundation, and Texas Rifle Association.
The U.S. District Court for the Northern District of Texas ruled that key National Firearms Act restrictions are unconstitutional, with Gun Owners of America, Silencer Shop Foundation, Palmetto State Armory, SilencerCo, B&T USA, and 15 pro-gun states as plaintiffs. Judge James Wesley Hendrix permanently blocked the ATF from enforcing federal gun registration requirements, Form 1 and Form 4 applications, and related mandates.
U.S. District Court Judge James Wesley Hendrix ruled in Jensen v. ATF that the National Firearms Act lacks constitutional basis after Congress eliminated transfer taxes for regulated firearms. The Firearms Policy Coalition-backed lawsuit, representing plaintiffs including Hot Shots Custom LLC and the Texas State Rifle Association, achieved a major victory challenging NFA regulations on suppressors and short-barreled firearms.
Sturm, Ruger & Company, Inc. and Beretta Holding S.A. announced a Strategic Cooperation Agreement allowing Beretta Holding to increase its investment to 25% of Ruger's outstanding shares at $44.80 per share. Beretta Holding will nominate up to two independent board members following the 2026 Annual Meeting, while committing to a three-year standstill period.
Sturm, Ruger & Company's Board of Directors received a letter from Beretta Holding S.A. proposing a partial tender offer for up to 20.05% of Ruger's outstanding shares, which would increase Beretta's ownership to approximately 30%. The proposed tender offer has not yet commenced, and shareholders need not take action at this time.
Beretta Holding, which owns 9.95% of Sturm, Ruger & Company, has proposed an all-cash partial tender offer for up to 20.05% of Ruger's outstanding shares at $44.80 per share, representing approximately 20% premium to the 60-day average price. Beretta Holding seeks exemption from Ruger's shareholder rights plan to acquire up to 30% beneficial ownership, believing increased investment would establish a strategic partnership to improve operational and financial performance.
Sturm, Ruger & Company, Inc. launched ruger.com/proxy2026, a dedicated website providing shareholders with materials for the 2026 Annual Meeting, including information on the refreshed Board with five new directors, capital stewardship, and shareholder returns.
Beretta Holding, the largest shareholder of Sturm, Ruger & Company with 9.95% ownership, sent a letter to shareholders detailing the need for board change due to sustained share price underperformance, operational deterioration including 23% gross margin compression, and board members' minimal ownership stakes despite decades-long tenures.
Beretta Holding, Ruger's largest shareholder with 9.95% ownership, clarified that it proposed a strategic minority investment on market terms to improve performance, not to seek control. The company criticized Ruger's board for maintaining longstanding leadership despite underperformance and nominated independent director candidates including William F. Detwiler, Mark DeYoung, Fredrick DiSanto, and Michael Christodolou.
Sturm, Ruger & Co. responded to Beretta Holding S.A.'s nomination of four board candidates, detailing Beretta's demands for discounted stock, disproportionate board representation, and governance rights that would violate antitrust laws. Ruger's board stated it engaged constructively with Beretta but rejected demands inconsistent with corporate governance best practices and U.S. law.
The National Rifle Association filed a lawsuit against the NRA Foundation, asserting ownership of intellectual property and alleging the foundation's leadership is operating in bad faith and withholding funds. NRA CEO Doug Hamlin stated the foundation has declined to approve 2026 grant funding, jeopardizing programs like the NRA National Firearms Museum and Eddie Eagle GunSafe program.
