CNBC in true modern journalistic fashion called the Remington settlement a recall and the ball got rolling. Here is the skinny:

HOUSTON, Dec. 6, 2014 /PRNewswire/ — On Dec. 5, 2014, papers were filed seeking approval of a proposed settlement of two economic class-action lawsuits of certain Remington bolt-action centerfire firearms that contain either a Walker trigger mechanism, or a trigger mechanism which utilizes a “trigger connector.”

The filings triggered multiple news reports that mistakenly conveyed the proposed agreement in significant fashions that require immediate clarification.

• These settlements are not recalls.
• These settlements are not any admission that the products are defective or unsafe.
• These settlements are an opportunity for any concerned consumers who have the Remington Model 700, Seven, Sportsman 78, 673, 710, 715, 770, 600, 660, XP-100, 721, 722 and 725 rifles with either a Walker trigger mechanism, or a trigger mechanism which utilizes a “trigger connector” to have Remington install a new trigger.
• The benefits under the settlement, including the trigger replacement program, will not be in place until after court approval of the settlement and full notice will go out at that time.

This culminates from extensive mediator-supervised negotiations between lawyers for those concerned about the triggers and Remington, who while denying there is any cause for concern, always desires to ensure that its customers are satisfied with Remington products.

A joint press release will be issued to better explain details of the proposed settlement.

For further information, contact: Mark Lanier at wml@LanierLawFirm.com; 800-723-3216

SOURCE Lanier Law Firm

And you can read Remington’s own response here.

Yesterday afternoon, CNBC erroneously reported that Remington Arms was recalling 7.85 million rifles.
This report was fundamentally inaccurate and, once again, CNBC did not comply with the most basic tenet of reporting – fact checking. Even a cursory review of the court filings would have revealed CNBC’s errors.
That said, other news sources picked-up and repeated the misinformation about the proposed settlement.

So basically they are not recalling rifles, the thing is not blessed by the court yet but the number of 7.85 million was too tempting not to be creative about it.

Hat tip to Bryan K.