US judge asks Nevada high court if gun makers can be liable

→ Move Your Money Before May 22 (From Stansberry Research) (Ad)

LAS VEGAS (AP) — A U.S. judge is asking Nevada’s highest court to decide whether state law allows gun manufacturers and sellers to be held liable for deaths as he considers a lawsuit from the parents of a victim of the deadliest mass shooting in the nation's modern history.

Federal law generally protects gun manufacturers and dealers when crimes are committed with their products. A negligence and wrongful death lawsuit filed last year in Las Vegas accuses eight firearms makers and several shops in Nevada and Utah of letting weapons be easily modified to fire like automatic weapons.

A shooter in 2017 outfitted weapons with “bump stock" attachments that let him fire in rapid succession from a Las Vegas high-rise hotel into an open-air concert crowd, killing 58 people and injuring hundreds of others.

U.S. District Judge Andrew Gordon asked last month for the ruling from the Nevada Supreme Court, saying there are “important public policy ramifications.” A hearing has not yet been set.

“I am particularly concerned," Gordon wrote, that attorneys for the gun makers argued they would be immune from liability under state law even if they “manufactured and sold Tommy guns or M-16 rifles to civilians.”

Attorneys for Colt’s Manufacturing Co. and 11 other defendants did not immediately respond to telephone and email messages.

James and Ann-Marie Parsons of Seattle, whose 31-year-old daughter Carolyn Lee “Carrie” Parsons died in the shooting, are seeking unspecified monetary damages. Their lawyer, Richard Friedman, said Tuesday that “federal law provides a lot of immunity, but not total immunity.”

“We’re saying you were selling guns that meet the definition of machine guns in violation of federal law, so you don’t get protection," he said.

The Trump administration banned bump stocks last year, making them illegal under the same federal laws that prohibit machine guns.


Friedman said a federal judge deferring to the state high court is uncommon but not unprecedented and acknowledged that the Parsons' lawsuit could hinge on the decision by the Nevada justices.

The Las Vegas shooter killed himself before police blasted through the door of his 32nd floor suite at the Mandalay Bay resort. Police and the FBI say that while it appeared he sought notoriety, they could not identify any “single or clear motivating factor" for the meticulously planned attack.

The owner of the hotel, MGM Resorts International, reached a sweeping out-of-court settlement last October, agreeing to funnel up to $800 million to the families of the victims.

The agreement resolved lawsuits in at least 10 states, but MGM Resorts acknowledged no liability or guilt for the massacre.

→ Move Your Money Before May 22 (From Stansberry Research) (Ad)

Should you invest $1,000 in MGM Resorts International right now?

Before you consider MGM Resorts International, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MGM Resorts International wasn't on the list.

While MGM Resorts International currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
MGM Resorts International (MGM)
4.8872 of 5 stars
$41.09-2.6%N/A12.96Moderate Buy$55.34
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Search Headlines: