Gun owners say rifles still malfunction after Remington class-action settlement repairs [MSNBC.com]
Stanley Black & Decker, Inc. (SWK)
Last stanley black & decker, inc. earnings: 4/30 06:00 am
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Source: MSNBC.com
The Remington 700 trigger mechanismBrandon Ancil | CNBCWith gun sales surging during thecoronavirusAnd the pandemic is creating complications in the manufacturer's offer to repair the guns under a landmark class-action settlement, with the deadline to file claims just weeks away.Since 2010,CNBC has been investigating allegations of a design defect in Remington's iconic Model 700 rifleMadison, North Carolina-based Remington has consistently maintained that the guns are safe and free of defects. But in late 2014, the company agreed in aUnder the settlement, guns with the original Model 700 trigger mechanism — a design that dates to 1948 — would be retrofitted with a newer design known as the XMark . In addition, the company agreed to recall thousands of newer guns, replacing their existing XMark triggers to correct what Remington acknowledged was a manufacturing defect involving "excess bonding agent" that could cause triggers to malfunction. The company did not admit wrongdoing andsai
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- Our brands portfolio is the best in the industry, says Stanley Black & Decker CEO Donald Allan Jr. [CNBC]CNBC
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- Nvidia Q3 results, Stanley Black & Decker CEO: Asking for a Trend [Yahoo! Finance Canada]Yahoo! Finance Canada
SWK
Earnings
- 10/29/24 - Beat
SWK
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- SWK's page on the SEC website