Under the settlement, guns with the original Model 700 trigger mechanism - a design that dates to 1948 - would be retrofitted with a newer design known as the XMark Pro. But in late 2014, the company agreed in a class-action settlement to replace the firing mechanisms on millions of firearms, including the Model 700 and a dozen other guns with similar designs, free of charge. Madison, North Carolina-based Remington has consistently maintained that the guns are safe and free of defects. Lawsuits have linked the alleged defect to dozens of deaths and hundreds of serious injuries from accidental discharges in the decades since the design went on the market. Since 2010, CNBC has been investigating allegations of a design defect in Remington's iconic Model 700 rifle that is said to allow the gun to fire without the trigger being pulled.
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