Sandy Hook families settle with Remington, marking 1st time gun-maker held liable for mass shooting

[Tiekmir]

All I can say is this is really bad for gun companies. This opens the flood gate for law suits for anyone that is shot, no matter the reason, even self defense. I cannot imagine why Remmington decided to fold and agrer to this utter inssnity, but things for all Americans and 2A just got a whole lot worse. It's a sad day in our Nation.

https://www.yahoo.com/gma/sandy-hook...151300248.html

[Dave Hoback]

Probably cheaper to settle and have people forget rather than pay their lawyers for years of litigation, dragged out in court, all the while CNN & MSNBC dragging their reputation through the mud ever 6 months.

[Tiekmir]

All true sadly, but it sets legal precedent.

Now any gun manufacturer who's gun is used in any mass shooting will be sued.

What a drag.

[Dave Hoback]

Oh, I agree 100%. But then... no case was actually won. Still don’t think it be an issue in my worldly lifetime anyway. And after that I won’t care. Time will tell.

[RCE1]

I wonder if this won't inspire a new class of insurance products? I expect the manufacturers to pass the costs on to consumers.

[Tiekmir]

I wonder if this won't inspire a new class of insurance products? I expect the manufacturers to pass the costs on to consumers.

Oh damn, now there's a deadful thought.

[JeepsAndGuns]

no case was actually won

From what I have been reading, it is what you just said. There was no actual legal case in the court system won. The families did not win the lawsuit. The insurance companies for rem simply settled out of court. Meaning they paid the families a large amount of money to basically drop it and walk away, preventing them from suing them again.
So it is both a loss, as they paid them, and a win, as there was no actual legal court case won against them.

[Blue Avenger]

will there be any money from a sold bankrupt company? was it settled just to clear the sale?