Posted June 19, 2018 8:30 am by Comments

By Tom Knighton

Following the horrible tragedy in Las Vegas, firearm accessories maker Slide Fire found itself in the spotlight, and not in a favorable way. They were blamed for everything under the sun, despite having been in existence for some time and Vegas being the first time one of their products had been used illegally so far as I’ve been able to find.

Eventually, the company decided to shutter operations.

However, the company still has $1.6 million in revenue outstanding. Apparently, the financial institution they used for credit card processing is holding onto it.

Texas-based Slide Fire says the financial institution that processed transactions for its online store is holding “hostage” more than $1.6 million in an effort to force the gun accessory maker into a less favorable business agreement.

By withholding the funds, Utah-based Merrick Bank Corporation is trying to “shield themselves from tangential, hypothetical, unviable, and currently non-existent liability in personal injury lawsuits involving (Slide Fire),” according the complaint, obtained by The Trace, filed in an Abilene federal court in April.

The lawsuit says Merrick took advantage of the negative attention Slide Fire had received after the deadly shooting at the Route 91 Harvest …Read the Rest

Source:: Bearing Arms

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