"Banking establishments are more dangerous than standing armies." -Thomas Jefferson
Texas-based Slide Fire says the financial institution that processed transactions for its online store is holding “hostage” more than $1.6 million in an effort to force the gun accessory maker into a less favorable business agreement.
By withholding the funds, Utah-based Merrick Bank Corporation is trying to “shield themselves from tangential, hypothetical, unviable, and currently non-existent liability in personal injury lawsuits involving (Slide Fire),” according the complaint, obtained by The Trace, filed in an Abilene federal court in April.
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