AR-15 rifle maker provides $33 million in settlement to the Sandy Hook family business and economic news

AR-15 rifle maker provides $33 million in settlement to the Sandy Hook family business and economic news

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The rifle manufacturer used in the Sandy Hook Elementary School shootings provided nearly $33 million to the families of some of the victims to settle lawsuits about how the gun manufacturer sold the guns to the public.

The manufacturer of the rifle used in the Sandy Hook Elementary School shooting has provided nearly $33 million to the families of some victims to settle their lawsuits about how the company sold guns to the public.

Lawyers for the now bankrupt Remington filed the offers in the Waterbury Superior Court of Connecticut, U.S., later on Tuesday. Their lawyers stated that the nine families suing the company are considering these proposals, and each family’s offer is close to $3.7 million.

Hartford lawyer James Rotondo, who represents Remington, declined to comment on Wednesday. The settlement proposal was submitted the day after the judge rejected Remington’s request to dismiss the lawsuit.

On December 14, 2012, a Bushmaster AR-15 rifle manufactured by Remington was used to kill 20 first-year students and 6 educators at the Newtown School in Connecticut. Adam Lanza, a 20-year-old gunman at their Newtown home before the massacre, committed suicide with a pistol when the police arrived at the school.

The relatives of the nine victims killed in the shooting stated in their lawsuit that Remington should not have sold this dangerous weapon to the public and claimed that it was aimed at young, at-risk men and used it for violence. Marketing and product placement of video games. They said their focus is to prevent mass shootings in the future.

One of the plaintiffs, Nicole Hockley’s 6-year-old son Dylan, was killed in the shooting. She said on Wednesday that her family needed to discuss settlement proposals with their lawyers and declined to comment further.

The lawyers for these families, Joshua Koskoff, said the settlement was provided by two insurance companies in Remington.

“Ironshore and James River…now realize that it is untenable to promote the use of AR-15 as a weapon of war to civilians. This is commendable. Providing insurance for this kind of behavior is an unprofitable and untenable business. Mode,” Koskov said in a statement.

Remington’s lawyer denied the allegations in the lawsuit. In their request to dismiss the lawsuit, they argued that they did not provide any facts to prove that Remington’s marketing had any connection with the shooting.

Remington is headquartered in Madison, North Carolina, and filed for bankruptcy for the second time in two years last year. Its assets were later sold to several companies.



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