"We believe that was the correct decision by the court. It's untenable for shareholders with a political agenda to be making business decisions for a company. If they don't agree with the business decisions of the company, they can sell their shares," said Larry Keane, senior vice president and general counsel for the National Shooting Sports Foundation.
"From our industry's point of view there's no reason why Wal-Mart shouldn't sell modern sporting rifles. They are the most popular rifle being sold in the United States today and half the people who buy those are current or former law enforcement," said Mr. Keane.