GunBroker Lawsuit

What is the GunBroker Lawsuit?

GunBroker is an online marketplace where buyers and sellers can trade firearms and shooting accessories. The company was founded in 1999 and is headquartered in Georgia. GunBroker is one of the largest online gun retailers in the United States, with over 6 million registered users.

In recent years, GunBroker has been involved in a number of lawsuits. Some of these lawsuits have been filed by victims of gun violence, while others have been filed by businesses or individuals who have disputes with GunBroker.

One of the most notable GunBroker lawsuits was filed in 2012 by the family of Radcliffe Haughton, a Wisconsin man who was killed in a mass shooting. The lawsuit alleged that GunBroker was negligent in selling a firearm to the shooter, who was a prohibited person. In 2016, a jury found GunBroker liable and awarded the Haughton family $1 million in damages.

Another GunBroker lawsuit was filed in 2019 by Tenor Capital Partners, a financial advisory firm. The lawsuit alleged that GunBroker owed Tenor $1 million in fees for services that Tenor provided in connection with a proposed $180 million sale of GunBroker. In 2022, a jury found in favor of Tenor and awarded the firm $1.5 million in damages.

GunBroker is currently facing a shareholder lawsuit filed by Steve Urvan, a former executive of the company. The lawsuit alleges that GunBroker’s parent company, Ammo Inc., misled investors about the financial condition of GunBroker and the terms of the acquisition deal. The lawsuit is still pending.

Conclusion

GunBroker has been involved in a number of lawsuits in recent years. Some of these lawsuits have been filed by victims of gun violence, while others have been filed by businesses or individuals who have disputes with GunBroker. The lawsuits against GunBroker raise important questions about the company’s liability for the sale of firearms to prohibited persons and the company’s business practices.

FAQs:

Q: Is GunBroker still facing any lawsuits?

A: Yes. As of November 2023, GunBroker is facing a shareholder lawsuit filed by Steve Urvan. The lawsuit is still pending.

Q: What is the status of the GunBroker lawsuit filed by the Haughton family?

A: The Haughton family’s lawsuit was settled in 2016 for $1 million.

Q: What is the status of the GunBroker lawsuit filed by Tenor Capital Partners?

A:Tenor Capital Partners’ lawsuit was settled in 2022 for $1.5 million.

Q: What are the claims in the shareholder lawsuit filed by Steve Urvan?

A: The shareholder lawsuit alleges that GunBroker’s parent company, Ammo Inc., misled investors about the financial condition of GunBroker and the terms of the acquisition deal.

Q: What is the potential impact of the lawsuits against GunBroker?

A: The lawsuits against GunBroker could have a significant impact on the company’s business. If GunBroker is found liable in any of the lawsuits, the company could face significant financial damages. The lawsuits could also lead to changes in GunBroker’s business practices.

Q: What can gun owners do to protect themselves from liability?

A: Gun owners can protect themselves from liability by following all applicable gun laws and regulations. Gun owners should also keep their firearms secure and out of the reach of prohibited persons.

References:

• GunBroker Lawsuit Over 2012 Wis. Rampage: https://www.courthousenews.com/online-gun-broker-sued-over-2012-wis-rampage/
• GUN BROKER FOUND LIABLE: https://www.orlandosentinel.com/2002/11/15/gun-broker-found-liable/
• Gunbroker Shareholder Lawsuit against Ammo Inc – – Brownstone Law: https://www.brownstonelaw.com/blog/gunbroker-shareholder-lawsuit-against-ammo-inc/
• Ammo Inc.’s Largest Investor Sues It for Fraud in GunBroker.com Acquisition Deal: https://news.bloomberglaw.com/esg/ammo-inc-accused-by-major-investor-of-gunbroker-com-deal-fraud
• Ga. Financial Firm Wins $1.5M In GunBroker.com Fee Trial: https://www.robbinsfirm.com/blog/ga-financial-firm-wins-1-5m-in-gunbroker-com-fee-trial/