Word: wesson
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...move by Delfay's group, which is underwritten by iconic names such as Colt, Winchester, Ruger, Beretta, Glock and Smith & Wesson, follows a BATF study ("Following the Gun" at www.ATF.Treas.gov) released last month that blames nearly half of black-market guns on "straw purchases...
...next tobacco." The breakthrough lawsuit came last year, when a jury in Brooklyn, N.Y., held 15 gun manufacturers liable for negligently distributing handguns that were later used in crimes. At least 30 cities and counties have filed lawsuits against gun manufacturers, and the industry is running scared. Smith & Wesson, the oldest and largest handgun manufacturer in the U.S., agreed last month to adopt several kinds of safety measures--among them installing "smart-gun technology" on all its guns within three years in exchange for being dropped from numerous lawsuits. Colt has stopped making most of its guns for sale...
...grass roots than in Washington this year, persuading state and local governments from California to Connecticut to Florida to pass safety-lock requirements and restrictions on handgun purchases. And gun-control advocates have taken gunmakers to court--resulting, for example, in the deal last month in which Smith & Wesson agreed to incorporate new safety features in its handguns...
...vote and made a last-minute visit to Philadelphia for the Democratic candidate, who won by a narrow margin. But Street doesn't seem to be overflowing with gratitude. He has embarrassed the Administration by endorsing a city suit against 14 firearms manufacturers--including Smith & Wesson, which signed an agreement in March to install new safety features in exchange for assurances that the company would be left out of a suit the Federal Government is considering against gunmakers. Worse, Street and his deputies aren't taking calls from top U.S. officials, apparently including Secretary of Housing and Urban Development Andrew...
...Smith & Wesson's web site now boasts a flashing button that leads visitors to the text of the agreement, complete with new bullet points that underscore the "real" meaning or ramifications of each clause. Federal lawmakers don't know what hit them: While Smith & Wesson has endured a great deal of industry ire after its conciliatory move, there was little indication the company would back down altogether. Maybe they should have seen it coming: "The confusion between the Smith & Wesson reading of the deal and the government's reading was apparent from the get-go," says TIME national correspondent Edward...