Remington Settles...

[Angry Perch]

Remington has been bankrupt for awhile anyway right.

Yes. I believe the suit was settled by their insurance carrier, not Remington itself, as the company no longer exists in it's former state. I think it was broken up and sold off.

[baker5150]

This is a settlement, not a guilty verdict.  Two very different things.

I'd be curious if the Bankruptcy required them to wrap this up, or cap the cost if able.

A settlement that admits guilt..
Sorry but this settlement totally takes out the human factor involved...it's not like the AR just up and started shooting....it was simply a tool..

Lots of things can be used as tools of death and destruction... should the maker of the tool be liable...it appears so from now on...

Is there a report they are admitting guilt?  I didn't see it in the article linked.

There are plenty of law suit settlements without admission.  Vehicle companies do it on the regular.

How naive are you? Of course a settlement admits guilt, maybe not officially, but it sure as he... does.....

I'm certainly not naive to the optics.
(I do appreciate the sentiment, especially coming from a "Global Moderator")

I'm simply pointing out the severity of required admission over the opinion of guilt. 

Brass tacks........ this topic should be called "4 insurance companies settle"

[Iveexcaped3]

https://www.ammoland.com/2022/02/significant-factual-errors-media-reports-remington-sandy-hook-settlement/?fbclid=IwAR2xNyhMZGClCseERSjhmCcnQC6XKTWwKEZgWEzVF6nV1blxDY64uSIF7N8#axzz7L77IlTcc

[lokidog]

Interesting article. While it may not be a legal precedent, it certainly has the appearance of a precedent to the public. And, as we know, appearances are usually everything to the uninformed.

[Knocker of rocks]

Remington has been bankrupt for awhile anyway right.

Yes. I believe the suit was settled by their insurance carrier, not Remington itself, as the company no longer exists in it's former state. I think it was broken up and sold off.

They reorganized under Chapter 11 more than once on 2020. Chapter 11 is reorganization and wouldn’t erase the debt or  a potential debt such as a lawsuit.

[Knocker of rocks]

.  Last year, two of the company’s insurers agreed to settle the case for $33 million, but two insurers held out. All four of the company’s insurers have now agreed to pay the full amount of coverage available, according to Mr. Koskoff.           

https://www.wsj.com/amp/articles/sandy-hook-families-reach-73-million-settlement-with-remington-over-school-shooting-11644941933