December 13, 2013
On the day before Thanksgiving this year, international stun gun and cop-cam company Taser International, Inc. announced it had given up its fight in two major legal battles over “suspect injury or death.” In a 275-word statement submitted to the US Securities and Exchange Commission, the company’s chief financial officer said it would pay a total of $2.3 million in settlements to plaintiffs who had sued the company in product liability cases.
This was rare. Taser prides itself in fighting to the bitter end in any case alleging that its products do anything but save lives. Yet there it was in a financial disclosure — Taser backing down.
Taser brushed it off as a remnant of simpler times. According to the vaguely worded statement, enhanced “risk management procedures” and “revisions to product warnings” in 2009 corrected a legal vulnerability. The $2.3 million payouts would address the last lawsuits tied to that vulnerability; they would amount to housekeeping — cleaning up lingering messes that had remained on the company’s books since before 2009.