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Thread: Great news! Remington files for bankruptcy

  1. #131
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    Re: Great news! Remington files for bankruptcy

    Quote Originally Posted by Bucky View Post
    It is called negligent entrustment. Remington was marketing the AR-15 as a cool weapon used by soldiers in combat.

    It is illegal for food companies to sell certain foods or market certain foods as healthy, etc...The same with financing, loans, etc..
    A manufacturer can't be liable under negligent entrustment for the actions of a retail purchaser. Whatever gave you the idea that they could?
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    Re: Great news! Remington files for bankruptcy

    Quote Originally Posted by OldFatGuy View Post
    Unfortunately, war is the way of mankind.
    Sorry, I must have quoted the wrong part of that. The status I was referring to was 'stopped.' And that that status could change to 'dead.'
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    Re: Great news! Remington files for bankruptcy

    Quote Originally Posted by Lursa View Post
    Sorry, I must have quoted the wrong part of that. The status I was referring to was 'stopped.' And that that status could change to 'dead.'
    Fair enough. I've done worse.
    What kind of a man is a man who has not left this world a better place?

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  4. #134
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    Re: Great news! Remington files for bankruptcy

    The fundamental question we need to ask ourselves is simple yet paramount: are guns safe?

    The answer is no. Not only are guns inherently dangerous, I have seen lawsuits of guns shooting themselves, malfunctioning, firing without pulling a trigger, etc..

    This is an industry in clear need of regulation.
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  5. #135
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    Re: Great news! Remington files for bankruptcy

    Quote Originally Posted by Bucky View Post
    The fundamental question we need to ask ourselves is simple yet paramount: are guns safe?

    The answer is no. Not only are guns inherently dangerous, I have seen lawsuits of guns shooting themselves, malfunctioning, firing without pulling a trigger, etc..

    This is an industry in clear need of regulation.
    Gun defect lawsuits:

    Remington Trigger Class Action Settlement
    Taurus Class Action
    Judge approves $239 million settlement over defective Taurus pistol

    Highly regulated car industry:
    https://www.npr.org/sections/thetwo-...or-553-million
    https://www.cbsnews.com/news/jury-re...d-auto-defect/
    http://fortune.com/2015/09/26/auto-industry-scandals/
    There is no loophole. The Brady Act works exactly as the Democrats who wrote it, voted on it, signed it into law and affirmed it intended it to work.
    "...no "reasonable restriction" is going to reduce the availability of semi auto rifles to people willing to commit murder." jaeger19

  6. #136
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    Re: Great news! Remington files for bankruptcy

    Quote Originally Posted by Bucky View Post
    The fundamental question we need to ask ourselves is simple yet paramount: are guns safe?
    Depends what hands they're in.

    Quote Originally Posted by Bucky View Post
    The answer is no. Not only are guns inherently dangerous, I have seen lawsuits of guns shooting themselves, malfunctioning, firing without pulling a trigger, etc..
    That has been an issue with some of the more modern Remingtons and that's why I don't buy their products anymore. I do believe Remington is being negligent with their product production.

  7. #137
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    Re: Great news! Remington files for bankruptcy

    Quote Originally Posted by Bucky View Post
    I 100% agree with you there. Without government intervention, those companies would be dead. You can't fight the inevitability of solar/electric vehicles.

    Companies like Ford and GM are killing America with there gas guzzling vehicles.

    In the next 20 years, they will lose at least 50% of market share of automobile sales.
    Ford didn't take any money.
    It's not "tolerance" if you already approve of what you purport to "tolerate."

  8. #138
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    Re: Great news! Remington files for bankruptcy

    Quote Originally Posted by Rucker61 View Post
    Next, Ford and Chevy!

    You do understand that filing for bankruptcy enables them to stay in business, right?
    Maybe. The survival rate for Chapter XI companies is 25%.

    The one's that survive have a healthy core business but may be overly leveraged. The relief from restructuring of burdensome debt allows the good business to emerge from a bad situation. If the core business is failing, which is likely here, the bankruptcy is just an orderly payoff from the assets of the business.

    https://www.forbes.com/2008/09/25/ch...l#4862d54dd003

    What will happen here is probably relief from the lawsuits offset by the fact that the shareholder's equity will be wiped out. In essence, the victims sued them for everything they had, and they shareholders gave them everything they had..... the core business is left with a fighting chance with its creditors in control.

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