Court sides with Remington in M4 case
M4 carbines propped in a teepee formation at a police range in Djibouti City, on Aug. 29, 2012, during a firearms re-qualification led by Texas Army National Guard instructors. (Photo: DVIDS)
A federal court sided with Remington Arms in a dispute with the government’s vetting process regarding an Army contract that had been awarded to Colt after it declared bankruptcy.
Senior Judge Nancy Firestone granted Remington’s motion to supplement the administrative record to include Colt’s recent financial troubles, an issue that would have disqualified the gun maker from winning the contract, according to her opinion issued March 30 by the U.S. Court of Federal Claims. The case will also be remanded for re-evaluation.
Meanwhile, the opinion prohibits the government from placing orders with Colt until it assesses the company’s financial status and then submits the information to the court. The government must give a status report by April 25.
Although Colt emerged from bankruptcy proceedings in February, at the time the contract was awarded it did not have a plan of reorganization nor had it renewed the lease for its manufacturing facility, Firestone says. If the government had not overlooked Colt’s financial issues, Remington could have had a “substantial chance” of securing the contract.
Remington filed suit last November against both Colt and FN because the $212 million contract to produce M4 carbines had been awarded to both of them in September. Although FN was named as a plaintiff, the opinion does not effect its business dealings. All three companies bid for the contract when the solicitation was issued in 2014.
Colt filed for chapter 11 bankruptcy protection in June after two quarters of missing financial obligations. The company had accumulated roughly $380 million in debt when it filed.
The post Court sides with Remington in M4 case appeared first on Guns.com.
Source: http://www.guns.com/2016/04/04/court-sides-with-remington-in-m4-case/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,352,662 |
| Stories: | 8,450,207 |
Whistler Blowers, Insiders
