Three lawsuits dropped against TASER
TASER International, Inc. (Nasdaq:TASR) announced Monday that plaintiffs in three separate product liability lawsuits voluntarily dropped their litigation filed against the company.
“We are encouraged that plaintiffs are beginning to understand that TASER International remains adamant in our position of not settling suspect injury or death lawsuits,” said Vice President and General Counsel of TASER International Doug Klint. “We believe that … the plaintiffs’ inability to show a product defect or any evidence of causation played a key role in the decisions to voluntary dismiss these lawsuits against TASER International.”
The Scottsdale, Ariz.-based company, which has not lost any product liability lawsuits, stated that it did not pay compensation of any type, other than waiving counterclaims for costs and fees.
Shares of TASER traded down 0.98% or $0.12 to $12.17 in midday trading Monday.
TASER manufactures electronic shock weapons used in law enforcement, military, private security and personal defense markets.
