Industry Notes

In Texas, Better Protection for Class 3 Devices Is Coming

July 31, 2015 - News Article

In about a month, gun owners in Texas and visitors to the state will feel the positive effects of SB 473, a bill which Texas Gov. Gregg Abbott signed into law that extends protections for Class 3 devices, such as short-barreled rifles (SBRs), suppressors, and “any other weapons,” as defined by the National Firearms Act. SB 473 will take effect on Sept. 1, 2015.

Proposed Settlement Has Taurus Paying $30M

July 29, 2015 - News Article

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.

Third Circuit Rules for Wal-Mart on AR-15 Stocking Decision

July 15, 2015 - News Article

In a review of a recent court case, the Third Circuit Court of Appeals has released its full opinion in the case of Trinity Wall Street v. Wal-Mart, and it’s a victory for the giant retail chain’s ability to sell the firearms it wishes to sell.

At issue was whether Wal-Mart improperly excluded from 2014 proxy materials the church’s shareholder proposal to require the corporation’s board of directors to have standard-capacity AR-style rifles removed from the…

TrackingPoint Stops Accepting Orders

May 21, 2015 - News Article

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.”