REMINGTON FILES AGREEMENT TO SETTLE TWO ECONOMIC LOSS CLASS-ACTION LAWSUITS

Madison, NC, [December 5, 2014] — Remington Arms Company, LLC , today announced the filing of a settlement agreement that would resolve two economic class-action lawsuits. The lawsuits alleged that certain Remington bolt-action rifles contained defectively designed triggers and could result in accidental discharges without a trigger pull and sought economic losses for the alleged diminished value of the rifles, along with other equitable relief. The suits did not seek damages for personal injuries or property damage, and the settlement does not resolve or affect any such claims. Remington denied all of Plaintiffs’ claims and vigorously defended both lawsuits. However, to avoid the uncertainties and expense of protracted litigation, Remington has agreed to settle and to offer to retrofit certain firearms.

The proposed class-action settlement would include owners of certain Remington bolt-action centerfire firearms that contain either a Walker trigger mechanism, or a trigger mechanism which utilizes a “trigger connector.” The firearm models involved are the Remington Model 700, Seven, Sportsman 78, 673, 710, 715, 770, 600, 660, XP-100, 721, 722 and 725 rifles.

In the proposed settlement, Remington, while not recalling the firearms, has offered to retrofit the trigger mechanisms in certain of these rifles with a new, connectorless trigger mechanism at no cost to the owner. The rifles will also be inspected and tested after the retrofit. Remington will pay the costs of retrofitting, inspecting, testing, and shipping the rifles. For certain older rifles not readily capable of being retrofitted, Remington has offered to provide vouchers redeemable for Remington products. In addition, class members who have already replaced their rifles’ original trigger mechanisms with connectorless Remington trigger mechanisms would be eligible to receive a refund for the Remington replacement. Finally, all valid claimants will be provided with a DVD regarding safe firearm handling practices.

The settlement agreement also includes Model 700 and Seven rifles, which are already subject to the voluntary X-Mark Pro® recall instituted by Remington on April 11, 2014. The assembly process for these firearms with X-Mark Pro trigger mechanisms manufactured from May 1, 2006 to April 9, 2014 created the potential for the application of an excess amount of bonding agent, which could cause the rifles to discharge without a trigger pull under certain limited conditions. Owners of these rifles would have the option to have their rifles retrofitted with a new X-Mark Pro trigger mechanism manufactured under a new assembly process at no cost to them.

The parties do not intend to comment further until the proposed settlement is finally approved by court order.
Joint Press Release

Contact:
Angeion Group
1801 Market Street, Suite 660
Philadelphia, PA 19103
215-563-4116

SOURCES:
Angeion Group and Remington Arms Company, LLC

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