Startup Lessons: 4 Companies Facing Product Lawsuits
The Startup Magazine
JUNE 6, 2019
The company had to file for bankruptcy later that year. Remington was founded in 1816 and operates today as the United States’ oldest gun maker. As a result of these defective rifles, the company suffered severe financial losses and damages to its reputation, which left it to begin planning for bankruptcy in late 2017.
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