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Remington is offering a $ 33 million deal with the families of Sandy Hook School victims

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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.

Families of victims sued in 2014, claiming in part that Remington, the maker of the Bushmaster semi-automatic rifle used during the shooting, marketed knowingly the weapon for people to use to “conduct offensive and military combat missions against their perceived enemies.”
In 2012, six adults and 20 children from Sandy Hook Elementary School were murdered by Adam Lanza, who had previously killed his mother, Nancy Lanza, at his home. The US Supreme Court in 2019 decided not to file any appeal of Remington, effectively allowing the suit to move forward.

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.

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