I called Leatherman today and they said the Wave should not do that at all. They said that those pivots are tightened by a machine and since it is covered by their 25 year warranty can be fixed. I however got it from AG Russell so I will return it for a refund.

I am going to Target and get a new one tonight so I do not have to wait for the return. It is also $10 cheaper there.

Thanks to all for their input!!

Dan