Texas company that destroyed bump stocks sues US government

This image made from March 26, 2019, video by KDFW FOX4 shows that boxes of now-banned bump stocks, being destroyed at a recycling facility in Fort Worth, Texas. A Texas retailer of now-banned bump stocks has transferred about 60,000 of the gun-related items to the federal government to be destroyed. RW Arms of Fort Worth turned over the bump stocks to the Bureau of Alcohol, Tobacco, Firearms and Explosives. The ban took effect Tuesday. The ban is supported by the Trump administration and follows the 2017 shooting massacre in Las Vegas, where a gunman using bump stocks killed 58 people dead. (KDFW FOX4 via AP)

FORT WORTH, Texas — A Texas gun company that destroyed more than 73,000 bump stocks when a federal ban on the rapid-fire devices took effect has sued the U.S. government claiming millions of dollars in losses.

RW Arms of Fort Worth on Monday announced the lawsuit and said the government took its property "without just compensation." Co-founder Mark Maxwell said Tuesday that RW Arms' losses totaled more than $20 million. Last month's lawsuit seeks fair market value compensation.

RW Arms drew attention March 26, when the ban took effect , by transferring thousands of bump stocks to law enforcement for shredding. Officials initially said about 60,000 items were destroyed.

President Donald Trump's administration supports the ban on bump stocks, which in 2017 were used by a gunman to kill 58 people in Las Vegas.

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