Why Gunmakers May Plunge
Gun stocks may be in for a deep fall. For many years gunmakers have been protected by a legal precedent which keeps them from being held liable in cases of gun violence. However, a novel new argument in a court case may bring that crashing down. Families of the victims in the Sandy Hook shooting in 2012 have brought a case against Remington which argues that the gunmaker should be held liable because it made the choice to distribute its rifles to a dealer who illegally sold weapons. Essentially, the case holds Remington liable for its distribution channels.
FINSUM : If this argument holds it would defeat the 2005 precedent that has protected gunmakers and open the door to unknown levels of legal action.
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