(02-16-2022, 06:04 AM)The Real Marty Wrote: Here are some interesting facts about the case.  Remington didn't settle.  Remington's insurance company is the one that settled.  Remington declared bankruptcy in 2020.

There is a federal law, passed in 2005, which protects gun manufacturers from liability for acts committed by third parties. 

https://www.govtrack.us/congress/bills/1...20products.

"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."

An actual functioning gun manufacturer, not a bankrupt one like Remington, would vigorously defend itself under that law.

But then there's this:  

Link (sorry if there's a paywall)

"The federal immunity law has an exception, under which manufacturers may be liable for injuries resulting from violations of state laws dealing with the marketing of their products."

Why were insurance companies involved in the first place if gun manufacturers have indemnity?  Obvious Remington had insurance policies to protect the company against such action to begin with.

What this case does is change the landscape.  Will insurance companies continue to insure firearm manufacturers, and if so, what happens to the premiums?  Will firearm manufacturers now have to set aside hundreds of millions of dollars for future decisions and settlements.  What does that mean for financiers?  At what point will we see firearm manufacturers unable to roll over existing debt as it matures.

Then again, this might fizzle out to nothing.

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