44 AMP said:
I would like to point out something the news is ignoring...
REMINGTON doesn't exist anymore. Remington isn't paying a penny to anyone, they aren't around to do so.
LAWYERS holding control of former Remington assets are the ones who have decided to pay. Not Remington.
My guess it's not even whoever controls any assets of the now-former Remington -- it's the insurance company for the now-former Remington. At some point they decided it would be cheaper to pay than to fight and risk higher losses. It still comes down to bean counters, but it's the insurance company's bean counters.
I have an example (non-firearms related, but insurance company related) of just how bad it gets. A number of years ago I was a project manager for a middling-sized AE (architecture and engineering) firm. Among our clients was a realty company that owned a shopping mall. One day some roofers were repairing a section of the mall's roof and they started a fire. One of the volunteer firemen showed up drunk, fell off a ladder and [allegedly] injured himself.
AFTER the fire, our firm was hired to design repairs to the damaged roof. We did so, the roof was properly repaired, and everyone went home. Except the drunk fireman ... who went to his friendly local ambulance chasing attorney, who thereupon sued everyone in sight on behalf of his client. The lawsuit included US -- and we weren't involved in any way until after the fire and after the [alleged] injury.
We turned the claim over to our professional liability insurance carrier to defend -- and they promptly told the boss that they wanted to settle. He explained that we had NO involvement, that we weren't hired until after the incident -- they still wanted to settle, because it was cheaper. (Of course it was -- it the insurance company had to pay out on a claim against us, our premiums would have skyrocketed for a number of years.)
Ultimately (and rather bizarrely), the boss actually had to sue his own insurance company to force them to defend the claim. Once that happened, we were immediately removed from the lawsuit. But no thanks to the insurance company and their bean counter lawyers. They actually wanted to settle a completely meritless claim.
So consider that when reflecting on the Remington settlement.