Tag: legal

BREAKING: Is Kriss Group (Swiss) Going Bankrupt? (UPDATE: KRISS USA to Takeover Swiss Business)

Manufacturer of the Vector submachine gun, and parent company to Sphinx System AG, makers of high-end CZ 75 handgun derivative, may be in financial trouble. At the end of 2015, Sphinx System AG was declared bankrupt; now its parent company may be in danger as well due [Read More…]

BREAKING: IWI Recalls Galil ACE Pistols Due To Full Auto Receivers

IWI USA has issued a recall for their newly released Galil ACE pistols due to the presence of a pin hole for a full auto sear. AKs with this pin hole have long been considered by the ATF to be machine guns, making this a major mistake on the part of IWI that runs afoul [Read More…]

BREAKING: Stag Arms’ Federal Firearms License Revoked!

Connecticut gun manufacturer Stag plead guilty today to violating federal law, including the loss of 200 firearms from its record books, and the possession of 62 machine guns or receivers for machine guns not registered to the company. In the plea agreement that to the [Read More…]

Metal Storm Collapse Leads To Multi- Million-Dollar Lawsuit

Australian company Metal Storm, home of the eponymous electrically-fired sequential-firing high rate of fire concept, became insolvent and was placed under administration in 2012, but the fallout is ongoing, and could become considerable. Financial Review reports: A [Read More…]