Well, I have to admit being somewhat in error, but not by an awful lot. I spoke with Colt to ascertain the information you requested and can provide the following:
(1) Colt Firearms was purchased by Penn-Texas, an investment group in 1955 and named or renamed it Colt Industries. Colt Industries developed legal problems and became Colt-Tech Inc and renamed themselves to Colt Manufacturing in 1990. In 1992 Colt Manufacturing filed for bankruptcy. In 1994 it was bought out by another investment group, which developed legal problems in accordance with the klinton/cuomo/hud push to hold firearms makers liable, and in 2002 the firm again changed its name to Colt Manufacturing LLC to avoid further liability.
The gentleman I spoke with said that he preferred the term 'legal liabilities' to going 'belly-up' or bankrupt.
So, over the past 14 years, which was within the range of 10-15 years but slightly outside the 10-12 years I originally stated, the 'legal liability' problems for Colt occurred in 1990, 1009, 1994 and 2002.
So to answer your last questioning statement: "You dont know do you??" - yes I did but I wanted to make certain I had the correct information for you.
And for your last two statements are concerned: "You dont know do you??" "Stand down and get a different soap box!!!!!!!!!!!!!!!!!!!"
Here's what I have to say:
(1) Yes, I knew but I just wanted to be sure;
(2) I don't stand down for anybody unless Greybeard tells me to; and
(3) this soap box stays for anyone who wants to climb aboard and any other soap box that is appropriate to this forum is allowable as long as the content of the posts and responses are consistent with the philosophy of the web-site, and Greybeard will make the decision as to when to halt a thread.
Now, for my final word on this and Colt firearms in particular - over the past 10-15 years they have experienced enough problems with management and quality control to have learned that the competition is stiff, very stiff indeed, and they are making efforts to rise to the challenge.
In this regard it is incumbent upon me to be open minded and more close-mouthed and I will do just that for as long as I am in a position to provide some sort of objective insights to different products I have or can evaluate. One of those, BTW, happens to be one of Colt's 3" 45 autos, I think they call it the Defender (????) that sure surprised the hay out of me this past weekend. It was slick, quick and accurate. One hay of a short package, for sure, but a quality piece. And, if this is an example of what Colt is producing these days to meet competitive needs, then I see this firearms manufacturer as coming closer to regaining its position in the marketplace.
And, thank you! Mikey.
