VikingsGuy
Well-known member
The "flooding" argument is going to be a tough one for firearms folks, just as it was for oxy-makers.“This landmark, historic victory sends a forceful and compelling message to manufacturers, and to the insurance and banking industries that support them,” Hockley said. “This is a high-risk market, it is not profitable and you will be held accountable.”
The most immediate but broad consequence of the settlement is that legal claims based on consumer protection statutes can now potentially survive the PLCAA barrier, Feldman said. Many states and jurisdictions across the U.S. have similar consumer protection laws on the books, she noted, so the settlement potentially creates a template for holding gun manufacturers accountable.
One of the biggest pending cases against gun manufacturers, she said, is the government of Mexico’s lawsuit, filed last year in federal court in Massachusetts, against Smith & Wesson Brands Inc. and other gun manufacturers for feeding a market in criminal use of guns in Mexico.
Sandy Hook $73-million settlement with Remington is not just about money
The families of nine Sandy Hook Elementary School shooting victims sued Remington, a case that focused on the marketing of the Bushmaster rifle.www.latimes.com
As for the "landmark" nature - folks in the industry and the insurers understand the actual near-irrelevance of this trustee setlement.