#DistrictCourt
Sharps Rifle Company Loses Lawsuit Against Founder
Broadsword Group, LLC, the owners of Sharps Rifle Company (makers of the Relia-Bolt and .25-45 Sharps upper receivers for the AR-15), has been ordered to pay nearly three quarters of a million dollars to one of its founding members, Michael H. Blank, by the US District Court of Eastern Missouri. The case began when Blank alleged that Sharps Rifle Company owed him stake in the company and that they had walked away with intellectual property (IP) that he owned. Most significantly, perhaps, is the ruling on allegations of fraud against both Broadsword Group’s President and their CEO:
