Have any past lawsuits been successful? Possibly in Conn, but it would be overturned,IMHO. I made a lot of my retirement money in Philip Morris back when it was MO during all of those lawsuits. You could buy the stock, sell calls and wait for it to be called away or just draw the dividend. Course the gun companies don't pay divs like MO.
Doesn't matter if they have, S&W almost went out of business back in the 90's when they were assaulted by 30 cities suing them, backed by our tax dollars.
The intent wasn't to win but cause them to drown in legal fees......