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Gun owners want new hearing in Remington rifle settlement after new reports of malfunctions

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Gun owners want new hearing in Remington rifle settlement after new reports of malfunctions

Two Remington rifle owners are asking a federal judge to revisit a landmark class action settlement involving millions of allegedly defective guns. This, after CNBC reported that multiple customers have complained to the company about their guns malfunctioning even after they were repaired under the settlement.

The case involves Remington’s iconic Model 700 rifle and a dozen other Remington firearms with similar designs. Since 2010, CNBC has been investigating allegations that the company covered up a design defect that allows the guns to fire without the trigger being pulled. Lawsuits have linked the alleged defect to dozens of deaths and hundreds of serious injuries.

Madison, North Carolina-based Remington has consistently maintained that the guns are safe and free of defects. But in late 2014, the company agreed in a class-action settlement to replace the firing mechanisms on millions of firearms, free of charge, to avoid protracted litigation.

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As the April 23 deadline to file a claim under the settlement approached, CNBC reported that several customers who had already taken advantage of the offer said that their retrofitted guns were malfunctioning. While it is unclear how many guns were affected, CNBC reviewed nearly a dozen customer complaints filed with the company.

CNBC also reported that many of the Remington Authorized Service Centers that were designated under the settlement to perform the repairs were either closed or operating with reduced hours because of the Covid-19 pandemic. Nonetheless, the April 23 deadline was unchanged, and the official settlement website now says that the claims period has ended.

But Lewis Frost, a deputy sheriff in Louisiana who owns three Model 700s, and Richard Denney, an Oklahoma attorney who also owns three 700s, are asking the federal judge who approved the settlement to consider reopening the case in light of CNBC’s reporting.

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“There is an obvious increased danger of unwarranted reliance on the safety of the replacement trigger mechanism because that repair is wrapped in the authority of the court,” wrote an attorney for the pair in a court filing. “Here the court-approved repair apparently does not eliminate the danger/defect.”

​The filing by New Orleans attorney Gary Gambel asks U.S. District Judge Ortrie D. Smith in Missouri to convene a hearing to determine how to proceed, and to seek information from Remington and the class action plaintiffs.

Gambel also asks the judge to investigate whether the pandemic-related closures of some repair centers have affected the process.

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Attorneys for Remington did not respond to CNBC’s request for a comment on the motion, which was filed on May 7 but was not entered in the court docket until last week.

An attorney for the class action plaintiffs, Eric Holland in St. Louis, said he and the other plaintiffs’ attorneys had no information about guns malfunctioning after being repaired, despite extensive contact with customers throughout the claims process.

“Our firms collectively received hundreds of calls regarding the settlement,” Holland said in an email. “To date, not one putative class member has contacted any of us regarding any allegations of any retrofitted firearms misfiring.”

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He also said that the pandemic has had little effect on the process, other than some repairs being “temporarily delayed.”

“Remington has been and continues to make repairs on any claims of affected firearms filed by April 23, 2021,” Holland said.

Holland is one of 13 plaintiffs’ attorneys in eight states who shared $12.5 million in fees under the settlement.

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Frost and Denney are longtime critics of the settlement, which they said did not do enough to warn the public about the risks the guns allegedly posed. But Smith approved the settlement over their objections, and a federal appeals panel upheld his ruling in 2018.

The settlement covered some 7.5 million Remington firearms produced as early as 1948. But it remains unclear how many owners ultimately filed claims, or even knew about the trigger replacement offer in the first place. As of February 2017 — the last time claims data was reported to the court — only about 22,000 claims had been filed. A spokesperson for Philadelphia-based Angeion Group, which Smith appointed to administer the claims process, has not responded to multiple requests by CNBC for more recent claim numbers.

In addition to the Model 700 rifle, the settlement covers Remington bolt-action rifle models Seven, Sportsman 78, 673, 710, 715, 770, 600, 660, 721, 722, 725 and the XP-100 bolt action pistol.

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While the settlement offer for most of those guns has expired, the website notes that a voluntary recall remains in effect for certain Model 700 rifles produced between 2006 and 2014. For those guns, the company acknowledges that “excess bonding agent” applied to the trigger mechanism ​during manufacturing could cause the guns to fire without the trigger being pulled. The company urges owners of those guns to stop using them, and contact Remington for repairs.

 

(Note: This is a Article Automatically Generated Through Syndication, Here is The Original Source

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Net Worth

Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Who is Alan Patricof?

Alan Patricof is a prominent figure in the American investment landscape, renowned for his contributions to venture capital. With a career spanning over four decades, Patricof has been instrumental in shaping the growth of numerous global companies, including America Online, Apple Computer, and Audible. His legacy extends beyond business, with involvement in community organizations and government initiatives.

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Alan Patricof’s career in venture capital began in the industry’s early days. He founded Patricof & Co. Ventures Inc., a precursor to Apax Partners, one of the world’s leading private equity firms. Later, he established Greycroft Partners, focusing on early and expansion-stage investments in digital media. Throughout his career, Patricof’s vision and leadership have played a pivotal role in advancing the venture capital field.

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As of May 3, 2024, Alan Patricof’s estimated net worth stands at over $1 million. His wealth is derived from various investments, including holdings in Boston Properties Inc. and successful ventures in digital media. Despite humble beginnings, Patricof’s entrepreneurial spirit and strategic acumen have propelled him to financial success.

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Alan Patricof Age

Born in 1934, Alan Patricof is currently in his late eighties. Despite his advanced age, he remains active in the business world, leveraging his wealth of experience to mentor emerging entrepreneurs and drive innovation.

Alan Patricof Family: Wife and Children

Alan Patricof has been married to his wife Susan for over 48 years. Together, they have three children and seven grandchildren. Family holds great importance to Patricof, and he credits his upbringing and heritage for shaping his values and work ethic.

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While specific details about Alan Patricof’s height and weight are not readily available, his stature in the investment community is undeniable. Patricof’s impact transcends physical measurements, as he continues to leave a lasting legacy in venture capital and philanthropy.

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

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Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Who is Mike Markkula?

Mike Markkula, born Armas Clifford “Mike” Markkula Jr. on February 11, 1942, in Los Angeles, California, is an American entrepreneur renowned for his pivotal role in the early days of Apple Inc. After graduating from the University of Southern California with degrees in electrical engineering, Markkula amassed considerable wealth through stock options while working at Fairchild Semiconductor and Intel.

Mike Markkula Career

Markkula’s career trajectory took a significant turn in 1977 when he was introduced to Steve Jobs by Venture Capitalist Don Valentine. Recognizing the immense potential of the Apple II computer, Markkula became the company’s first major angel investor, providing $250,000 in funding. He subsequently served as Apple’s CEO from 1981 to 1983, overseeing critical phases in the company’s growth and development.

Mike Markkula’s Net Worth

As of 2024, according to Celebrity Net Worth, Mike Markkula boasts an estimated net worth of $1.2 billion. His wealth stems from astute investments, particularly in Apple Inc., where he played a foundational role as an early investor and executive.

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Mike Markkula Age

Born on February 11, 1942, Mike Markkula is currently [age] years old.

Mike Markkula Family: Wife and Children

Markkula is married to Linda, and together they have made significant real estate investments, including properties in Carmel Valley, Woodside, and Hawaii. They have engaged in philanthropy, with notable donations to Santa Clara University’s Markkula Center for Applied Ethics.

Mike Markkula Height and Weight

Unfortunately, information regarding Mike Markkula’s height and weight is not readily available.

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