Thanks, David
In theory the blade is a mint Case Hawkbill, and doesn't look too used. I must accept then that it is probably a defective one with no easy fix, if any, right?
Thanks again for the answer.
I think 'no easy fix' sums it up. If the knife is still functional anyway, I'd just make a user of it.
The blade's date stamp indicates 1990, which seems newer than the handle & shield appears. Maybe it was a 'fix' of some sort, perhaps to replace a damaged blade from what might be an older knife. In fact, the bolsters and liners appear to be steel/iron, which I don't recall seeing on 1990s-vintage knives from Case (or maybe even '80s/'70s, for that matter). Everything I've seen from Case, at least from 1970s and forward, has had nickel bolsters and either nickel or brass liners on them. In searching the web for iron-bolstered knives from Case, the only reference I see is for a knife made prior to 1940.
Edited to add:
One thing you might consider, to get the blade to close a bit more, is to file the 'kick' on the lower portion of the ricasso, just behind the cutting edge. With the new blade in the knife, it looks like there's plenty of the kick to take a little from it. If there's room in the bladewell for the blade to drop without hitting the backspring, that might at least get the blade's edge fully inside the handle. The backspring would likely sink more from doing that, and/or you might give up more 'snap' in the closing, if it's not already too weak. If it's already weak, I'd likely not file the kick anymore, as it'll just make it weaker.
David