|
Post by jims on Feb 11, 2018 20:58:30 GMT -5
I read recently, I think on Shotgun World, that Remington was considering bankruptcy protection. Unsure if this is legit, only saying what I saw.
|
|
|
Post by jbm77 on Feb 11, 2018 23:01:32 GMT -5
|
|
|
Post by dannoboone on Feb 12, 2018 12:06:25 GMT -5
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.
|
|
|
Post by nick50471 on Feb 12, 2018 18:43:33 GMT -5
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
Copied from Wikipedia
|
|