Fly Watch: TASER documentary showing at Tribeca film festival
The shares of TASER (TASR) are falling in early trading ahead of additional showings of a documentary film, 'Tom Swift and His Electric Rifle,' that focuses on the company's weapons and deaths linked to police use and abuse of the devices. WHAT'S NEW: Being shown as part of New York's Tribeca film festival, "Tom Swift and His Electric Rifle" highlights the number of people who have died after being shot with TASER's electric weapons, called tasers, in the U.S. "Between 2001 and 2012, there were 500 taser related deaths reported in the U.S.," according to a description of the movie on the film festival's website. "As the death toll continues to mount in taser-related deaths, we are reminded that it is not simply the lethal force of a weapon that needs to be regulated, but the behavior and bias behind it as well," the description states. The film, which was screened this past Friday and Saturday, will be shown again April 21 and on April 26, the festival site noted. REVIEW: The film makes TASER's founders, Rick and Tom Smith, look more sinister as they try to avoid taking responsibility for the harm inflicted by tasers, the website tellnig stated. Rick Smith is currently the CEO of the company. The film "makes a salient point" by juxtaposing the Smith brothers' "apathetic depositions" and the story of a man who died after begin stunned by tasers for 31 seconds in 2008, the website stated. The Smith brothers contend that the company's weapons are "perfectly safe," and Rick Smith disputed the idea that the weapon was a likely cause of cardiac arrest, tellnig reported. PRICE ACTION: In early trading, TASER shares slid 3.5% to $29.30.