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.

California Bans Advertising of the Sale of Handguns

July 20, 2015 - News Article

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 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.”