Remington has manufactured millions of rifles on the basic Remington 700 pattern over the years (about 7.85 million by one report). At least two class action law suits are included in this settlement filed in Federal Court. Settlement announce December 5th, 2014.
The settlement covers the Model 700, Seven, Sportsman 78, 673, 710, 715, 770, 600, 660, XP-100, 721, 722 and 725. Any person who owns one of these rifles may if they so choose have the trigger replaced by Remington.
In Remington’s Quarterly report to investors in September of 2014, Remington revealed it had set aside $29.7 million in what the company called a “Model 700 settlement reserve.”
Watch the CNBC report: Remington 700 triggers to be replaced.