Remington bankruptcy?

[jims]

I read recently, I think on Shotgun World, that Remington was considering bankruptcy protection. Unsure if this is legit, only saying what I saw.

[jbm77]

www.google.com/amp/s/www.cnbc.com/amp/2018/02/09/us-gunmaker-remington-seeks-financing-to-file-for-bankruptcy-protection-sources.html

[dannoboone]

Beginning with dropping the Model 788, they've made a LOT of
bad calls over the years.

Were it not for their iron-fist monopoly of their RF 5mm Mag,
it could very well have been a success. To this day, it does
have a following. But Remington isn't making a dime from said
following.

Buying up other companies, building new factories, and
retooling came to how much? Tens, or hundreds of millions?
Then putting out an inferior product (Marlin lever actions)
ended up costing them more than they made with fewer sales
as well as the headaches of cost of repairs.

Then there is their trigger problems. They could write a
lengthy book about how NOT to conduct business.

As far as the asinine lawsuits are concerned, the government
should change laws to protect any company in which a product is
used for murders. Safety of a product is one thing, but when
was the last time a car company was sued when someone used their
product to purposely run over and murder people? Gun manufacturers
should be held in the same legal regard.

[nick50471]

The Protection of Lawful Commerce in Arms Act (PLCAA) is a United States law which protects firearms manufacturers and dealers from being held liable when crimes have been committed with their products. However, both manufacturers and dealers can still be held liable for damages resulting from defective products, breach of contract, criminal misconduct, and other actions for which they are directly responsible in much the same manner that any U.S. based manufacturer of consumer products is held responsible. They may also be held liable for negligent entrustment when they have reason to know a gun is intended for use in a crime


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