Fla. Judge OKs $38M Gun Defect Settlement

Law360 (March 15, 2019, 5:29 PM EDT) -- A Florida federal judge gave preliminary approval Friday to a $38 million class settlement ending claims Brazilian gun manufacturer Forjas Taurus SA sold more than a quarter-million revolvers in the U.S. with multiple defects that can allow them to go off when dropped.

Under the terms of the deal, the U.S. owners of the revolvers will have the opportunity to have them repaired or replaced at the company's expense, and class counsel will receive up to $5.5 million in fees, according to the order entered by U.S. Magistrate Judge Edwin G. Torres.

The affected models are seven "Rossi" branded .38 Special revolvers...

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