Why not also apply this to car manufacturers? Now the plaintiffs of the Christmas parade âaccidentâ can sue whatever manufacturer of the car that was usedâŠ
They probably are making moneyâŠthis lawsuit was holding them up. Look for Remington to emerge from bankruptcy in the next few months now that this cloud is out of the way.
Good point there. Remington certainly didnât have the money.
And if it was actually covered by insurance, then you can bet the decision was made by more than just Remington. Those insurance companies had to agree too.
The city of Colorado Springs recently settled with the family of a guy shot by police. The cops responded to a robbery. The guy was fleeing, and while the cops were in foot pursuit, he reached for a gun in his waistband and got shot. Independent investigations determined that the cops did nothing wrong. But the family sued the city.
Insurance settled for 3 million to avoid any civil lawsuits.
Itâs easy to say, âWell, insurance covered itâŠâ But insurance costs the policy holder money too. And after such a settlement, you can bet that future insurance premiums will go up.
Now I expect liability insurance for any gun manufacturer to increase.
The new American Dream is the L-word. Either hit the Lottery, or win a Lawsuit. And those lawsuits cost us all in the end.