Did Remington settle Sandy Hook lawsuit for $73 million?
The families of nine victims in the Sandy Hook School shooting agreed to settle with gun-maker Remington for $73 million. The company made the Bushmaster AR-15-style rifle used to kill 20 first-graders and six teachers in 2012 in Newtown, Connecticut and the families sued over the weapon's marketing.
Why did Sandy Hook families receive $73 million from gunmaker?
As we reported, families of the Sandy Hook Elementary School massacre reached a historic settlement with the manufacturer of the rifle used in that attack. Experts say the $73 million settlement is a landmark development, because the gunmaker agreed to release specific documents for the first time.
What is the settlement in the Newtown shooting case?
The settlement comes more than seven years after the families filed a wrongful-death lawsuit against Remington, the manufacturer of the Bushmaster AR-15-style rifle used in the massacre that left 20 children and six adults dead in Newtown, Connecticut.
How much is the Remington settlement worth?
The $73 million settlement is all of the available coverage that Remington's insurance carriers could pay, the plaintiffs' attorneys said. Last summer, Remington approached the families with a nearly $33 million settlement offer. At the time, lawyers for the families said they would consider their next steps.
