Updated Information - A Settlement Has Been Proposed in a Class Action Lawsuit that Alleges Safety Defects in Taurus Pistols
Update for Taurus Firearm Owners, Class Action Settlement updated information available. Tweet
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Update for Taurus Firearm Owners, Class Action Settlement updated information available. Tweet
PR Newswire, Birmingham, Alabama, March 18, 2016
The following statement is being issued by Bailey & Glasser LLP and Morris, Haynes, Wheeles, Knowles & Nelson (Class Counsel); and Smith, Gambrell, & Russell, LLP (Taurus Counsel) regarding the Taurus Pistol settlement.
The Settlement Provides an Enhanced Warranty, a Cash Payment for Returned Pistols and Safety Training.
The United States District Court for the Southern District of Florida authorized a supplemental notice.
Para una notificación en Español, visitar www.tauruscartersettlement.com
WHAT’S THIS ABOUT?
There is a proposed class action settlement about alleged safety defects in certain Taurus pistols. This lawsuit alleges that “Class Pistols” may unintentionally fire with the safety in the “on” or “safe” position, and may unintentionally fire when dropped or bumped. Taurus denies all allegations of wrongdoing and liability.
WHO’S INCLUDED?
You may be a Class Member if you are a resident or entity of the U.S., Puerto Rico, U.S. Virgin Islands, or Guam and own at least one “Class Pistol” (these include PT, Millennium, and 24/7 models; see the website for a complete listing) on July 30, 2015. The settlement doesn’t include Taurus G2 model pistols.
WHAT ARE YOUR OPTIONS UNDER THE SETTLEMENT?
Enhanced Warranty Option - Taurus will provide a free, transferrable lifetime enhanced warranty benefit. Taurus will pay shipping and inspection costs and repair or replace the pistol, with no requirement that the owner prove the alleged safety defects No repair is currently available, so pistols returned under this option will be replaced with a comparable Taurus G2 (or similar) model pistol at this time. You can receive a replacement only if applicable law permits the shipping of a replacement pistol to your state (visit the website for more information). If Taurus develops a repair, it can repair rather than replace Class Pistols.
Cash Payment Option - Settlement Class Members who prefer cash payments may return their Class Pistol to Taurus (with shipping paid by Taurus) and receive up to $200 cash per pistol, depending on the total number returned, not to exceed $30 million. If the Court approves the settlement and there are no appeals, the claims period for cash payments will run from approximately August 22, 2016 until December 20, 2016.
You may register on the website to get information about how and when to seek relief.
Taurus will also provide safety training videos to all Settlement Class Members.
HOW DO YOU ASK FOR A CASH PAYMENT?
You must submit a claim form and return your Class Pistol to receive a payment. Shipping is prepaid by Taurus. You can only submit a claim form after the settlement is finally approved and any appeals are concluded. This date is not yet known. You may register now through the website to get information about when you can submit a claim form. Visit the website to determine when you can submit a claim. If the Court approves the settlement and there are no appeals, the claims period will run from approximately August 22, 2016 until December 20, 2016.
WHAT ARE YOUR OTHER OPTIONS?
You may opt-out or object to the settlement, but must do so by May 18, 2016. If you do not opt-out, you release Taurus from liability for alleged design or manufacturing defects that may result in an unintended discharge. If you opt-out, you can’t get relief from this settlement.
The Court will hold a continued Final Approval hearing on July 18, 2016, to consider whether to approve the settlement.
This is only a Supplemental Summary. For detailed information about the settlement, call toll-free 1-844-528-0180, visit www.tauruscartersettlement.com, or write to Taurus Class Action, c/o Heffler Claims Group, P.O. Box 230, Philadelphia, PA 19102-0230.
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Source: Bailey & Glasser LLP and Morris, Haynes, Wheeles, Knowles & Nelson (Class Counsel); and Smith, Gambrell, & Russell, LLP (Taurus Counsel).