Posted August 14, 2018 1:30 pm by Comments

By Daniel Terrill

Patrons scoping out Remington rifles at the company’s booth during the 2018 NRA convention in Dallas. (Photo: Daniel Terrill/Guns.com)
A federal appellate court upheld a settlement agreement between Remington Arms and class representatives despite concerns that too few gun owners participated in an effort to recall an allegedly defective Remington trigger design.
“The record makes plain that the settlement agreement was reached following meaningful discovery and investigation by class counsel and arm’s length negotiations between the parties,” the three-judge panel said in their opinion. “We conclude that the settlement was fair, reasonable, and adequate, and we affirm the district court’s order approving the settlement.”
The challenge targeted a Missouri federal court’s approval of the settlement in which Remington agreed to pay $2,500 to each class representative, $12.5 million in attorney’s fees and $474,892.75 in expenses.
While the lead groups involved found the agreement satisfactory, some representatives argued the payout should have been more given that an estimated 7.5 million allegedly defective rifles are in circulation. They also argued that the company launched an ineffective notice plan to market the recall because the effort to repair the defect covered less than 1 percent of the estimated figure.
The panel said they disagreed with arguments that the

Source: Guns.com

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