Article Abstract:
Smith and Wesson Corp has agreed to a settlement with the federal government, two states and 30 municipalities to settle legal disputes that began in Jun 1998. Company spokeman Ken Jorgensen said that it had opted to settle largely because of the litigation costs involved. He said that although company officials believed that the firm could have won the disputes in the long run, it did not want to undertake costs involved in another 10 years of legal battles. Jorgensen also noted that other gun makers could join in this agreement reached by Smith and Wesson with the cities and the federal government.
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Article Abstract:
US Attorney General Janet Reno said the massive lawsuit against the tobacco industry might just amount to nothing unless Congress provides $23 million to sustain the case. Reno's warning came after a federal judge threw out portion of the lawsuit that seeks to recover tens of billions of dollars spent by government health programs for the treatment of smoking- related illnesses during the fast four decades. The bulk of the $23 million would be used in maintaining a database of documents pertinent to the case and preparing for a trial that could begin in 2003.
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Article Abstract:
Gun sales in 1999 were significantly higher than in the previous year. The sales statistics are based on background checks requested by gun dealers. However, the actual sales figures could be much higher since an individual can purchase more than one gun per background check. The increase in firearm purchases is partly due to fears of violence that may ocurr due to the Y2K problem.
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