![]() ![]() “That is a very small payment for Remington in this case.” “If the settlement is approved, Remington is absolved of close to half a billion dollars in potential liability…at a cost of less than $3 million,” Smith told representatives of both parties in court. ![]() But he also voiced concerns over how few gun owners - only about 22,000 as of this week - were taking Remington up on its replacement offer, and how low a financial penalty the rifle-maker might realize from the settlement. District Judge Ortrie Smith of the Western District of Missouri promised on Tuesday that he would rule on the unprecedented settlement in the next 30 days. Critics, including 10 state attorneys general, say that’s not good enough. Under the terms of the settlement, Remington is offering to replace millions of the guns’ trigger assemblies without admitting wrongdoing. The defects left some of the firearms prone to dangerous accidental discharges. The offer is the result of allegations that the nation’s oldest gunmaker had knowingly installed faulty trigger mechanisms in its most popular rifles for more than 40 years. A federal judge in Kansas City expressed deep skepticism on Tuesday about whether he will approve a multi-million-dollar settlement offer in a class-action lawsuit against Remington Arms. ![]()
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