Gunmaker Remington Offers $33 Million to Settle Suit by Sandy Hook Families

The manufacturer of the assault rifle used to kill 26 people in Sandy Hook Elementary School in 2012 has offered $33 million to settle a lawsuit from some of the victims’ families.

The settlement proposed by Remington, America’s oldest gunmaker, would mean each family could receive $3.66 million, falling short to what the families of nine shooting victims were seeking.

In February, the families argued in court that the wrongful death settlements could total over $225 million with punitive damages possibly reaching over $1 billion.

The offer is now subject to the approval of the families and of a federal Alabama judge overseeing Remington’s bankruptcy case.

A lawyer for the families, Josh Koskoff said in a statement that the families “would consider their next steps” regarding the offer by Remington.

The settlement proposal came as part of a bankruptcy hearing for Remington, which first filed bankruptcy in 2018, then filed a second bankruptcy declaration in 2020.

Lawyers for Remington filed the settlement offer to the Waterbury Superior Court in Connecticut on July 27, a day after a judge denied Remington’s request to dismiss the lawsuit.

The families alleged in the lawsuit that Remington should have never sold the military-style weapon used in the shooting to the public.

The families alleged that the company marketed the Remington Bushmaster rifle to younger, at-risk males, which the company has denied.

Koskoff said that the lawsuit was primarily intended to hit the company financially.

“Since this case was filed in 2014, the families’ focus has been on preventing the next Sandy Hook. An important part of that goal has been showing banks and insurers that companies that sell assault weapons to civilians are fraught with financial risk,” Koskoff stated.

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