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Posts Tagged ‘Freedom Group’

Breaking – Kevin Brittingham Wins Suit Against FGI

Saturday, December 28th, 2013

Based on this screenshot we received a little while ago it appears that former Advanced Armament Corp front man Kevin Brittingham has prevailed in his lawsuit against Freedom Group who purchased AAC from him in late 2009. Brittingham’s employment with AAC was terminated two years ago, in December 2011 after FGI said that he had violated company policy by bringing personally owned firearms to work. He has maintained that the termination was a ploy by FGI to avoid paying him monies owed.

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Tried earlier this year as Random Ventures Inc. et. al v. Advanced Armament Corp LLC et. al, U.S. District Court, Southern District of New York, No. 12-06792, the suit contains 14 claims and Brittingham wins all of them including his demand for millions of dollars he says are owed by Freedom Group (over 10 Million plus interest). Additionally, this ruling negates his noncompete clause.

Foxnews online has additional info on the case but has not been updated on this judgement from the court.

Kyle Defoor on Mountain Khakis

Tuesday, April 3rd, 2012

In his role as MRE brand ambassador, Kyle Defoor produced a great video on why he wears Mountain Khakis. I have a few pairs as well and like Kyle, my first pair were the Mountain Utility model. They wear like iron. I’m also wearing a lot of Kuhl and Arc’teryx with two pairs of TAD Force 10s thrown in the mix as well as well. There are a lot of good pants out there and Kyle makes a compelling case as to how you can go all in on one brand. Mountain Khakis not only does pants. Based on my visit to their booth at last Outdoor Retailer, they are definitely worth a look for shirts and jackets as well. It might also get some of you jazzed up to know that MK is owned by Freedom Group who also owns Remington and its affiliate firearms companies.

www.mountainkhakis.com

Remington Arms CEO Resigns

Monday, September 13th, 2010

Bloomberg.com reported on Friday that Remington Arms and Freedom Group CEO Ted Torbak has resigned effective 24 September and is taking a position with Cincinnati Bell Inc. Granted, Remington has filed for an Initial Public Offering, but Torbak is not a gun guy so we are not overly concerned with his leaving although we have heard that Torbak gave little notice of his departure. Remington continues to search for a new CEO.

Remington Purchases Mountain Khakis

Thursday, June 3rd, 2010

In a deal that closed last week, Remington Arms-led Freedom Group Incorporated has purchased outdoor brand Mountain Khakis. No details on the deal have been released.

Robinson Arms Sues Remington, Bushmaster, RRA, and Magpul

Friday, January 15th, 2010

Robinson Arms, manufacturers of the XCR have filed suit yesterday in US District Court for Utah against Remington, Bushmaster, Rock River Arms, and Magpul Industries based on alleged infringement of their patent (Multi-caliber ambidextrously controllable firearm #7,596,900) issued 6 October, 2009 and initially filed in August of 2003.

Specifically, the weapons alleged to have violated Robinson’s patent are the Remington/Bushmaster ACR, Magpul Masada/Massoud, and the RRA LAR-8. All of these weapons feature a magazine release that is manipulated by the trigger finger from within reach of the trigger guard as well as a similar bolt hold open device. We have read the complaint and it is fairly ambiguous as the which patent claims they allege were violated.

Both Bushmaster and Remington are part of the Freedom group, owned by Cerberus Capital Management. So for taking on Freedom Group I give them an “E” for Effort. Of note is the timing of the suit, just days before SHOT Show as well as Robinson’s announcement on their website that they would be exhibiting after all in a booth (#20034) shared with Serbu.

Freedom Group IPO?

Friday, October 23rd, 2009

Yesterday the Wall Street Journal published an article discussing Cerberus Capital Management’s plan to seek an IPO for the Freedom Group Inc (FGI). FGI is a group of firearms manufacturers purchased by Cerberus over the last few years. Most recently, lead company Remington acquired suppressor manufacturer AAC. The companies that make up FGI include: Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, NEF, LC Smith, Parker, Dakota Arms, EOTAC and INTC.

As we have heard of no recent preparations for such a move by the individual companies that make up FGI it will be interesting to see how this progresses. Since the only investment advice I ever seemed to listen to was “in a bad economy invest in booze, smokes, and guns” I am pretty excited about this. Naturally, if I do purchase any stock, I will be sure to disclose it to my readership. However, many industry analysts are concerned that as publicly traded companies the FGI firms will become more risk averse and fixate on short-term profits. This could mean the end to long-term projects such as the Adaptive Combat Rifle.