Remington Arms has reached a $73 million settlement with families who lost relatives in the 2012 shooting at Sandy Hook elementary school in Connecticut. Their attorneys first brought this back in 2014 as a wrongful-death lawsuit.
Since then, Remington filed for bankruptcy twice. In 2020, it was broken up and the pieces were sold off to cover outstanding debt. Vista Outdoors bought the trademark, which they use to market ammunition.
My initial worry about this lawsuit was that it was an attempt to get around the PLCAA. Gun control advocates have been trying to do that through targeted litigation for quite some time.
But contrary to the headlines, Remington has not been found liable. That’s the whole point of a settlement like this. Chances are, Vista just wants to get out from under this cloud.