Scott Cohn 3 Hours Ago CNBC.com
America's oldest gun manufacturer, Remington, has agreed to replace millions of triggers in its most popular product—the Model 700 rifle. The company has been riddled for years with claims the gun can fire without the trigger being pulled, often with deadly results.
A 2010 CNBC documentary, "Remington Under Fire: A CNBC Investigation," explored allegations that for decades the company covered up a design defect, which Remington continues to deny. But now, under a nationwide settlement filed Friday in a federal court in Missouri, the company is agreeing to replace the triggers in about 7.85 million rifles.
While insisting its action is not a recall of the iconic gun, Remington says in a statement that it is agreeing to make the changes "to avoid the uncertainties and expense of protracted litigation."
While insisting its action is not a recall of the iconic gun, Remington says in a statement that it is agreeing to make the changes "to avoid the uncertainties and expense of protracted litigation."
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