(02-16-2022, 09:45 PM)captivating Wrote:

(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.

You can sue for any reason, all companies have insurance for lawsuits. Most companies don't let them handle cases and use better lawyers though. Since they don't exist anymore as a company, their insurance policy was basically the only thing left. The insurance company had to pay out as the company wouldn't spend money to fight it when there was no benefit to them. In order to keep from paying out, the insurance company makes you take them to court. Then they settle so they hopefully save some money.

I'm sure premiums will go up and some type of bonds or guarantees will be required.


It's the plan to work around the constitution. Guns will still be legal but the only manufacturers will only sell to the government. Therefore guns are banned because you can't buy them from anywhere.

Sent from my SM-T970 using Tapatalk

---