16 Feb 2022 11:51 am
This wasn't about whether Remington was "going to win".OdeToJoy » 16 Feb 2022, 10:17 am » wrote: ↑ And yet they settled for $73 million to prevent it going to court. They didn't think they were going to win.
The only reason a company settles before going to court is because they believe they were going lose more money.
As part of the so-called "Freedom Group", a number of prominent firearms companies - including Remington, Bushmaster, Para-Ordnance, Marlin, and others - were bought up by a front group. This front appears to be a subsidiary shadow company owned by a much broader corporation headed by none other than George Soros. Soros, a prominent advocate for gun control, allegedly acquired these firearms companies for the express purpose of running them into the ground and dismantling entire sections of the firearms industry. Besides getting grand tax write-offs for these companies going bankrupt, it meant fewer gun manufacturers to supply America's firearms demand.
Remington, one of the largest and most historically significant firearms companies in the U.S., subsequently made a number of business decisions that crippled the company financially through production of poor-quality firearms, declining revenue, and purposefully opened the company up for civil litigation.
The Freedom group began to implode right before the onset of the pandemic; right at a time when most gun companies began to experience exponential growth as millions of Americans became first-time gun buyers in response to the strains of riots, civil and political unrest, and spiraling violent crime as "Defund the Police!" became the rallying cry of the extreme Left. Remington, on the other hand, was forced into bankruptcy, and the lawsuit from the Sandy Hook parents simply was the final, fatal blow. The company doesn't even exist functionally as a manufacturer any more, as its assets were sold off at the end of last year. The final 73 million dollar "settlement" is simply the insurance companies agreeing to pay out, not Remington's decision, as they already don't have the assets to cover the settlement.
A tragic end to a once proud and successful company... and a political disaster engineered by the enemies of the 2nd Amendment.
1 Nomination
Cannonpointer Feb 15, 2022
Go to original post on Feb 16, 2022 9:09am