March 18, 2019 – Firearms affected by the settlement include 7 “Rossi” .38 Special revolvers and .357 Magnum revolvers manufactured from 2005-2017, according to Law360. Owners of affected guns in the U.S. can have their firearms repaired or replaced at the company’s expense, and class counsel will receive up to $5.5 million in fees, per terms of the settlement agreement.
Free Confidential Lawsuit Evaluation: If you or a loved one purchased a Taurus revolver that is affected by the class action settlement, you should contact our law firm immediately.
What’s the problem?
The class action alleged that Taurus revolvers were manufactured with 2 safety mechanisms designed to prevent the firearms from accidentally discharging when dropped: a seat for the revolver’s hammer meant to prevent it from moving if the gun is dropped or struck, and a metal plate meant to prevent the hammer from striking the cartridge unless the trigger is pulled.
Plaintiffs claimed that in affected revolvers the hammer seat is improperly fitted, allowing it to move without a trigger pull, and that some also have another defect which allows the blocking plate to fall out of position and become stuck, increasing the risk of an accidental discharge when the gun is dropped.
Torres said the total value of the settlement was just under $38 million, and as a result was awarding attorneys fees of up to $5.5 million. A final approval hearing is set for August 27.
Do I Have a Taurus Gun Lawsuit?
The Product Liability Litigation Group at our law firm is an experienced team of trial lawyers that focus on the representation of plaintiffs in Taurus Gun lawsuits. We are handling individual litigation nationwide and currently accepting new defective revolver cases in all 50 states.
Free Case Evaluation: Again, if you or a loved one purchased a Taurus revolver that is affected by the class action settlement, you should contact our law firm immediately. You may be entitled to a settlement by filing a suit and we can help.