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Old 06-29-2020, 07:16 AM   #1
Radar
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Default Navajo Nation buying all Remington assets?

Remington filed bankruptcy again and now the Navajo Nation is looking to buy them through a bankruptcy sale. I understand that a bankruptcy sale would release Remington from any liabilities or lawsuits. The article came from the Wall Street Journal so I do not know how true any of this is. It is interesting that the Navajo would but a firearms company.

https://www.msn.com/en-us/money/comp...Dmj?li=BBnbfcL
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Old 06-29-2020, 07:18 AM   #2
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https://navajotimes.com/reznews/nati...ing-remington/
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Old 06-29-2020, 10:21 AM   #3
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Interesting.
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Old 06-29-2020, 10:22 AM   #4
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Might be a good thing. Take away US govt and anti 2nd amendment interference with the company? Isn't Navajo Nation a sovereign nation?
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Old 06-29-2020, 12:34 PM   #5
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Might be a good thing. Take away US govt and anti 2nd amendment interference with the company? Isn't Navajo Nation a sovereign nation?

I can go for that. We shall see
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Old 06-29-2020, 12:39 PM   #6
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Sure couldn't get any worse quality wise or public relations wise.
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Old 06-29-2020, 12:51 PM   #7
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Probably a good thing, time will tell.
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Old 06-29-2020, 04:01 PM   #8
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I thought it was against the law to sell guns to the Indians, they made several western movies about this..........
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Old 06-29-2020, 04:09 PM   #9
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I thought it was against the law to sell guns to the Indians, they made several western movies about this..........
new World, everyone get to be happy!! LOL!
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Old 06-29-2020, 04:17 PM   #10
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new World, canít say Indian

FIFY. Took me a minute when my 3 year old told me to sit criss cross.


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Old 06-29-2020, 04:20 PM   #11
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FIFY. Took me a minute when my 3 year old told me to sit criss cross.


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You mean Indian style?
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Old 06-29-2020, 04:22 PM   #12
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Maybe they will fix the trigger.
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Old 06-29-2020, 04:23 PM   #13
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Niiiice! Now I know who to deaux my elk trip with!!!

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Old 06-29-2020, 04:24 PM   #14
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How in the HELL does a company like Remington go bankrupt????
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Old 06-29-2020, 04:25 PM   #15
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Here we are on an Archery site talking about Indians buying a gun company. Good stuff!
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Old 06-29-2020, 04:26 PM   #16
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Here we are on an Archery site talking about NATIVE AMERICANS buying a gun company. Good stuff!
Fixed it for you!!
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Old 06-29-2020, 04:26 PM   #17
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It would be nice to see Americans buying this rather than the Chinese.
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Old 06-29-2020, 04:58 PM   #18
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How in the HELL does a company like Remington go bankrupt????
Because they started and continued to make a faulty product and it caught up with them. Worst trigger ever put in a gun. Class action lawsuits against Remington has pretty much emptied the cash register.
The settlement covers an estimated 7.5 million guns dating back to 1948. In addition to the Model 700 rifle, the agreement covers Remington bolt-action rifle models Seven, Sportsman 78, 673, 710, 715, 770, 600, 660, 721, 722, 725, and the XP-100 bolt action pistol. Plaintiffs' attorneys note that the settlement only covers economic losses from ownership of the allegedly defective guns. Other claims alleging personal injury or wrongful death can still go forward. No info on how much it will cost but surely in the billions.
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Old 06-29-2020, 05:12 PM   #19
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Supreme court allowed the Sandy Hook lawsuit to continue. Easiest way for them to get out of it is to file bankruptcy and sell. As mentioned above they have multiple liability lawsuits as well.

I have no idea why the Navajo would want the company.
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Old 06-29-2020, 08:59 PM   #20
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Quote:
Originally Posted by Radar View Post
Supreme court allowed the Sandy Hook lawsuit to continue. Easiest way for them to get out of it is to file bankruptcy and sell. As mentioned above they have multiple liability lawsuits as well.

I have no idea why the Navajo would want the company.


For clarification STATE Supreme Court, not federal.


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Old 06-29-2020, 09:07 PM   #21
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For clarification STATE Supreme Court, not federal.


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https://www.reuters.com/article/us-u...-idUSKBN1XM1W8

No sir, Remington tried a last ditch effort with the US Supreme Court after the Connecticut Supreme Court ruled against them.
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Old 06-29-2020, 09:56 PM   #22
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Originally Posted by Radar View Post
https://www.reuters.com/article/us-u...-idUSKBN1XM1W8

No sir, Remington tried a last ditch effort with the US Supreme Court after the Connecticut Supreme Court ruled against them.
The suit was allowed to continue because the aren’t blaming the guns themselves as is generally protected by federal law. They are suing Remington under Connecticut laws for unfair trade practices for marketing a military firearm to civilians.

Basically they are trying a backdoor way to get around the federal law (often called a loophole) and so far it is working.
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Old 06-29-2020, 10:07 PM   #23
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The suit was allowed to continue because the arenít blaming the guns themselves as is generally protected by federal law. They are suing Remington under Connecticut laws for unfair trade practices for marketing a military firearm to civilians.

Basically they are trying a backdoor way to get around the federal law (often called a loophole) and so far it is working.
That is correct the gun is not at fault, marketing is. It will only be a matter of time before this is applied to S&W and Ruger through other liberal states. I keep track of the gun industry fairly well, there are gonna be more problems on the horizon.
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