 | |
| Company type | Private |
|---|---|
| Industry | firearms |
| Founded | 1989 |
| Defunct | 1998 |
| Fate | Bankrupt |
| Headquarters | , |
Area served | U.S. |
Key people | James Waldorf |
| Products | weapons |
Lorcin Engineering Company was a firearms manufacturer established in 1989 by Jim Waldorf.[1] Lorcin produced a series of very inexpensive handguns, which were sold primarily through pawn shops and marketed to people with low income. As such, their guns were frequently referred to as Saturday night specials, and Lorcin was noted by the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives as one of the Ring of Fire companies, a series of companies established around Los Angeles, California, all of which manufactured inexpensive handguns of similar design[2] and all of which were connected to Raven Arms. Waldorf was a high school friend of Bruce Jennings, founder of Jennings Firearms who was also the son of Raven Arms founder George Jennings.
Lorcin guns were constructed of injection-molded Zamak, a zinc alloy.
In 1993, Lorcin was the number one pistol manufacturer in the United States, producing 341,243 guns.[3] However, in 1996, Lorcin filed for bankruptcy, with 18 pending product liability, personal injury, and wrongful death lawsuits. The company emerged from bankruptcy in 1997, but closed in 1998 with an additional 22 lawsuits having been filed.[3] [4] In 1999, Waldorf established a new company, Standard Arms of Reno, Nevada.[3]
- ^ Levin, Myron (December 27, 1997). "Legal Claims Get Costly for Maker of Cheap Handguns". Los Angeles Times. Retrieved 14 January 2015.
- ^ "Hot Guns: Ring of Fire". Frontline. PBS. Retrieved 14 January 2015.
- ^ a b c "Standard Arms (incorporated by former ownership of Lorcin Engineering)". Violence Policy Center. Retrieved 14 January 2015.
- ^ Barrett, Paul M. (1999). "Lorcin, a Maker of Cheap Guns, Shuts Its Doors as Turmoil Persists." The Wall Street Journal Sept. 8, 1999.