Remington to file for bankruptcy?

[Clark Howard]

Let's not forget the plethora of nuisance lawsuits filed against Remington during Obammy years. Many, if not all of them, are dragging on and on, waiting for a cash settlement from Remington. A chapter 9 reorganization will dump most, if not all of these suits. Since dem judges are in charge of most of these cases, they will not be dropped, no matter how frivolous or without merit. Remington will survive. Regards, Clark

[Tuna]

Remington brought it on themselves with the problematic model 700 trigger system. They decided to not fix the problem and let it ride. They didn't even attempt to correct the trigger on rifles they were making. Just kept things the way they were. They had been told and warned about the system but just kept ignoring it like it would go away on it's own. Well it didn't and people did die from it and now it won't go away even though they fixed it or so they claim. But have not yet had a recall on the 700 to straighten it out. Then the 870 shotgun that had been a staple for many years had a few minor problems like barrels blowing up. But the patient on it ran out and then the Chinese started making exact copies of it and selling it for less then half what Remington sold them for. Then the latest boondoggle was the new 1911A1. Nice idea but too late to the party. Too many are making 1911A1 pistols and all Remington had was their name from WW2. (Not too many WW2 vets bought their 1911A1 to keep things going as most have died and the price is far to high to be competitive with others.) So now they waited to move out of wonderful New York where the wonderful Governor there hits them for making AR-15 style rifles so they can't even sell them in New York or other states next door for that matter. They should have left years ago but felt comfy where they were and never thought the party of the liberals would bit them is the butt!!!!