Remington Arms Co. LLC and Remington Outdoors Co. Inc. – collectively “Remington” – offered $ 3.66 million each to nine plaintiffs representing the estate of the victims killed in the shooting that killed 20 children and six adults, according to separate engagement offers.
In a statement, lawyers for the victims’ families say in part that they “will consider their next steps.”
CNN has contacted Remington to comment.
In 2020, Remington applied for Chapter 11 bank protection for the second time in just over two years.
An “important goal” of the lawsuit “has been to show banks and insurers that companies that sell assault weapons to civilians are full of financial risk,” the family’s attorney, Josh Koskoff, said Wednesday. add in part that financial institutions knew this when Remington filed for bankruptcy.
Koskoff credited two insurance companies that once did business with Remington for realizing that promoting the use of AR-15-style rifles “as weapons of war for civilians is indefensible.”
This is a developing story and will be updated.