The day after the jury awarded damages, Jennings filed for bankruptcy and avoided paying most of the damages. They also had internal company data showing that Jennings new this would be a problem if the safety was off and there was a simple fix and he did not want to do it because it would demonstrate that there was an issue and could lead to lawsuits. 38s and had an gunsmith fix the problem with a 41 cent part that prevented that. The trial attorneys purchased several Bryco. Had the safety been on, it would have avoided that but made it more difficult to remove the chambered round. Well, if the slide got loose, it could slam forward hard enough to fire off the round in the chamber. Rather than fix that problem Jennings had the instructions changed to take the safety off, lock the slide back, then remove the misfed cartridge. The earlier version of the gun had a major issue of ammo jamming while feeding. The famous lawsuit he lost was when a babysitter was unloading a Bryco. His distribution company would also be the sole buyer of the guns and he would be hired as a consultant. His business plan was to wait for the lawsuits to stack up, and after a loss or two, declare bankruptcy, liquidate and sell to a good friend who restarts under the same name or different name, and a few years later buy back the company. Most of the companies carried no liability insurance. His distribution companies would be the sole buyer of some of the firearm manufacturing companies. He also set up a couple of distribution companies and other companies to hide his true involvement in some of the firearm manufacturing companies. They all produced firearms based on the same design. It is a highly polarized issue so both sides tend to omit facts that do not support their narrative.īasically, Jennings set up most of the ring of fire companies with himself, family members, or very close friends as owners.
Recently I did an afternoon of Google-fu in response to a question in another thread and came up with some background information. meaning too easy to acquire because they were dirt cheap.įor the antis, that was part of it. I remember the powers to be wanted to put them out of business because they considered them "saturday night specials".
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