I can't believe the courts have failed and are allowing them to be sued for someone using their product in an illegal fashion. the precedent is chilling
“Historically, freedom is a rare and fragile thing . . . Freedom has cost the blood of millions in obscure places and in historic sites ranging from Gettysburg to the Gulag Archipelago . . .That something that cost so much in human lives should be surrendered piecemeal in exchange for visions and rhetoric seems grotesque. Freedom is not simply the right of intellectuals to circulate their merchandise. It is, above all, the right of ordinary people to find elbow room for themselves and a refuge from the rampaging presumptions of their ‘betters’.” Thomas Sowell
"It is wonderful, in the event of a street fight, how few bullets seem to hit the men they are aimed at." Ranch Life and the Hunting Trail, Theodore Roosevelt, 1888
Texas did that years ago, to a limited degree, when it came to the medical industry and it has helped us quite a bit it drastically reduced the cost of malpractice and took us to the bottom of the list when compared to other states in terms of payouts. If a doctor royally screws up he can still be sued and patients can collect, but there is a cap on punitive damages.
"Malo periculosam, libertatem quam quietam servitutem" (I prefer dangerous freedom to peaceful slavery) Thomas Jefferson in a letter to James Madison
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." Benjamin Franklin
"If everyone is thinking alike then someone isn't thinking!" General Patton
"If we waited for Washington to tell us when to plant, we should soon want bread." Thomas Jefferson
I wonder how AAC will end up.
Last edited by Bullish; 08-05-2020 at 04:53 PM.
Well, I ain't selling my stainless .308 M7 NOR my 60 year old M722 in .257 Roberts.
Taurus M85UL Rossi Sportsman .22
Taurus M66 3" blue Rossi 3"M68
Taurus M66 4" Nickel Rossi Carbine in .357 Mag
Taurus 605 Poly Protector
Taurus PT 145
In Chapter 11, in most instances the debtor remains in control of its business operations as a debtor in possession, and is subject to the oversight and jurisdiction of the court.
A Chapter 11 bankruptcy will result in one of three outcomes for the debtor: reorganization, conversion to Chapter 7 bankruptcy, or dismissal. In order for a chapter 11 debtor to reorganize, the debtor must file (and the court must confirm) a plan of reorganization. In effect, the plan is a compromise between the major stakeholders in the case, including the debtor and its creditors. Most chapter 11 cases aim to confirm a plan, but that may not always be possible.
Remington has debt.. law suits (expense-huge) not enough income. Chap 11 provides reorganization of debt,, or may go to liquidation (Ch 7). One of the Tribes is negotiating to purchase Remington.. maybe...