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Will Smith & Wesson settle with Mexico in $10B gun trafficking lawsuit by end of 2024?
3
US Supreme Court•US•Interstate Arms•Mexican government•First Circuit•Mexican•Mexico•Supreme Court•PLCAA
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Smith & Wesson or the Mexican government
Story
Supreme Court to Hear Smith & Wesson's Bid to Dismiss Mexico's $10 Billion Gun Trafficking Lawsuit
Oct 4, 2024, 01:58 PM
The US Supreme Court has agreed to consider a bid by US gun manufacturers, including Smith & Wesson and firearms wholesaler Interstate Arms, to dismiss a $10 billion lawsuit filed by the Mexican government. The lawsuit, which the First Circuit allowed to proceed, accuses the gun makers of facilitating the illegal trafficking of firearms to Mexican drug cartels, contributing to violence in Mexico. This case marks the first time the Supreme Court will weigh in on the 2005 Protection of Lawful Commerce in Arms Act (PLCAA), a law that grants immunity to gun manufacturers in certain situations. The outcome could have significant implications for the gun industry and cross-border efforts to curb cartel-related violence.
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Yes • 50%
No • 50%
Settlement • 25%
Dismissal • 25%
Trial verdict for Mexico • 25%
Trial verdict for Smith & Wesson • 25%
Dismissed • 25%
Settled • 25%
Mexico wins • 25%
Other • 25%
Smith & Wesson • 25%
Remington • 25%
Sturm, Ruger & Co. • 25%
Other • 25%
Ammo AZ • 25%
Other named store • 25%
Multiple stores simultaneously • 25%
None • 25%
In favor of Mexico • 25%
In favor of Smith & Wesson • 25%
Remanded to lower court • 25%
Dismissed • 25%
Stricter regulations • 25%
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No change • 25%
Other • 25%