Mexico's Bid To Revive $10 Billion Lawsuit Against Gun Makers - Free Websites, Share News And Posts Publicly

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July 24, 2023

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Mexico urges U.S. court to revive $10 billion lawsuit against gun makers

REUTERS/Bryan Woolston/File Photo

The Mexican government on Monday urged the 1st Circuit to revive a $10 billion lawsuit seeking to hold U.S. gun manufacturers responsible for facilitating the trafficking of weapons to drug cartels across the U.S.-Mexico border.

A three-judge panel questioned whether a lower-court judge wrongly concluded that the federal Protection of Lawful Commerce in Arms Act barred Mexico from suing Smith & Wesson Brands, Sturm, Ruger & Co and others. Mexico’s lawyers argued the law only bars lawsuits over injuries that occur in the United States and does not shield the seven manufacturers and one distributor it sued from liability over the trafficking of guns to Mexican criminals. Read more about the arguments.

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FTX’s Bankman-Fried denies witness tampering, accepts gag order

REUTERS/Mike Segar/File Photo

Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors’ claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case. The letter came after prosecutors sought to bar Bankman-Fried and allies from making public statements that could interfere with the case. The defense asked that the order also apply to prosecutors and potential witnesses, namely FTX CEO John Ray.

U.S. District Judge Lewis Kaplan is set to consider the possible order during a hearing in federal court in Manhattan on Wednesday. Read more.

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NBC, Lemonis win sanctions against business owners featured on The Profit

It’s never a good sign when a judge says in the second sentence of the opinion resolving a sanctions motion against your clients that your case is “a cautionary tale of what can happen when parties over-litigate.” Yikes! Alison Frankel has the story of why a couple of clothing retail executives who sued Marcus Lemonis and NBC after appearing on an episode of the television show “The Profit” are now on the hook for defense fees and costs.

Check out other recent pieces from all our columnists: Alison Frankel, Jenna Greene and Hassan Kanu