Industry Notes

Gun maker Forjas Taurus SA has agreed to settle a $30 million class-action suit with plaintiffs who claim that some Taurus handgun safeties, even when engaged, may allow the gun to fire if it is dropped, according to a review of court documents.

California has argued that a provision of California Penal Code section 26820 enacted in 1923 prevents the displaying of any "handgun or imitation handgun, or placard advertising the sale or transfer thereof" anywhere in or on their store that can be seen outside their store by passersby.

TrackingPoint, the Pflugerville, Texas-based maker of "Precision-Guided Firearms" that cost upwards of $10K, announced on its website that it is no longer accepting orders due to "financial difficulty."

Thompson/Center Arms is currently offering mail-in rebates for consumers who purchase any new T/C Venture rifle. Where allowed by law, the mail-in rebate program will be available to consumers who purchase a T/C Venture rifle from January 25, 2014 through April 30, 2014 in the United States or Canada.

The FBI's semi-annual uniform crime data for the first half of 2013 confirms once again what the firearms community already knew, that violent crime has continued to decline while gun sales have continued to climb.

Smith & Wesson Corp. has announced that the long-awaited California-compliant models of the SD9 VE and SD40 VE pistols have commenced shipping.

GunBroker.com has released its list of Top 5 best-selling firearms for January 2014, topped by Smith & Wesson's M&P semi-automatic pistol.

Cabela's Incorporated announced that Richard N. Cabela, co-founder and chairman emeritus, passed away Feb. 17 at his home in Sidney, Nebr. He was 77.

Olin Corporation, through its Winchester Division, is recalling two (2) lots of M*22™ 22 Long Rifle 40 Grain Black Copper Plated Round Nose rimfire ammunition.

A federal judge has ruled a part of Chicago's gun ordinance unconstitutional. U.S. District Judge Edmond Chang found that banning the sale of guns by licensed dealers in the city was not legal.

The 36th edition of the Shooting, Hunting and Outdoor Trade Show (SHOT Show) will take place January 14-17 at the Sands Expo and Convention Center in Las Vegas, Nev.

(GunReports.com) — Turnbull Manufacturing Company, the iconic restorer of vintage rifles and shotguns, has very recently aimed their manufacturing and design skills to the production of high-quality handguns and this first Deluxe Model of their new 1911Classic — featuring Serial Number 1911001 — has been selected as the 2014 SHOT Show Auction handgun. …