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November 27, 2013
16:15 EDTTASRTASER settles two pre-2009 suits, sees significant legal expense savings in 2H14
In November, the company agreed to settle two pre-2009 product liability lawsuits, where the company had litigation exposure in excess of insurance coverage and the risk of potential high jury verdicts, for a combined total of $2.3M. The expense related to these settlements will be recognized in Q4, in addition to any other litigation-related expense incurred. The company intends to continue its practice of aggressively defending and generally not settling litigation except in very limited and unusual circumstances as described above. As a result of the strategies implemented in 2009, management expects to see significant legal expense savings starting 2H14.
News For TASR From The Last 14 Days
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April 17, 2014
07:44 EDTTASRTASER announces multiple orders of AXON Flex body-worn cameras
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April 16, 2014
10:18 EDTTASRTASER announces 3,279 in new TASER orders
TASER announced multiple orders of its TASER brand conducted electrical weapons and its next generation Smart Weapons. These orders either shipped in Q1 or are expected to ship in Q2.
April 15, 2014
05:14 EDTTASRTASER announces tender for EVIDENCE.com, 500 AXON body-worn cameras for MPS
EVIDENCE.com, a business unit of TASER International, was selected for up to a 500 unit AXON body-worn video camera proof of concept pilot by the Mayor's Office of Policing and Crime, or MOPAC, for the Metropolitan Police Service, or MPS, through its UK distributor Tactical Safety Responses. The tender included both AXONbody cameras and EVIDENCE.com as the backend data management system as part of an evaluation being conducted by the MPS. The one-year pilot, which is set to roll out soon, is for the concept of body-worn video, or BWV, under the College of Policing academic rigour, and is the largest known urban pilot of BWV cameras. It will be rolled out across nine London boroughs and up to 500 AXON cameras will be deployed.
April 11, 2014
09:32 EDTTASRTASER upgraded to Buy from Hold at Dougherty

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