27:
245:
225:
364:
protection in March 2018, having accumulated over $ 950 million in debt. Remington exited bankruptcy in May, less than two months after filing for protection under
Chapter 11 laws. Remington's quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its
346:—in which 20 children and six adult staff were fatally shot—and a teacher who was shot and survived, filed a wrongful death lawsuit against Remington, a firearms wholesaler, and a firearms dealer, seeking a jury trial to recover unspecified damages. In 2016, the suit was dismissed by the
372:
ruled that the suit's wrongful marketing claim could proceed under
Connecticut's Unfair Trade Practices Law. The Connecticut Supreme Court decision was "a significant development in the long-running battle between gun control advocates and the gun lobby" according to
338:
for $ 370 million, including $ 252 million in assumed debt. It became part of the company's
Freedom Group. Remington was millions of dollars in debt and did not report a profit from 2003 to 2005. In 2015, the Freedom Group was renamed Remington Outdoor Company.
722:
357:
On August 15, 2017, James
Marcotuli announced his resignation as CEO, citing personal reasons. On October 25, the company announced that Anthony Acitelli would succeed Marcotuli.
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836:
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496:
1110:
465:
As this settlement was reached following the breakup of
Remington Outdoor Company, it's unclear which specific entity the settlement was reached with.
388:
In July 2020, Remington again filed for
Chapter 11 bankruptcy protection. In a bankruptcy auction in September 2020, Remington was sold in parts to:
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victims reached a $ 73 million settlement with
Remington, over how the firearm used by the shooter had been marketed.
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429:
307:
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395:: the Lonoke ammunition business and certain intellectual property, subsequently operating as Remington Ammunition
664:
489:
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861:
187:
693:
331:
259:
347:
369:
435:
368:
The Sandy Hook-related lawsuit was delayed by
Remington's 2018 bankruptcy. On March 14, 2019, the
1100:
787:
751:"Gunmaker Remington can be sued over marketing of rifle used in Sandy Hook shooting, court rules"
723:"Families of Sandy Hook shooting victims can sue gunmaker Remington over 2012 attack, court says"
114:
45:
411:
299:
402:, LLC, which licenses the Remington name from Vista Outdoor and operates Remington Firearms
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837:"Lawsuit By Sandy Hook Victims Against Gun Manufacturer Allowed To Move Forward"
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405:
335:
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171:
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392:
120:
59:
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26:
958:
398:
Roundhill Group: the non-Marlin firearms business, later structured under
279:
1079:
783:"Manufacturer of AR-15 Can Be Sued Over Sandy Hook Massacre, Court Rules"
207:
636:"Appeal Offers Hope for Newtown Families in Suit Against Gun Companies"
237:
157:
862:"One of America's Oldest Gun Makers Files for Bankruptcy for 2nd Time"
350:
citing the immunity provided to firearms manufacturers by the federal
755:
1025:
665:"Remington's Bankruptcy Stalls Ruling in Sandy Hook Families' Suit"
199:
161:
55:
694:"Sandy Hook Massacre: Gun Makers Lose Major Ruling Over Liability"
399:
153:
149:
909:"Sandy Hook families settle for $ 73M with gun maker Remington"
141:
887:"Remington Auctioned Off to Seven Bidders in Bankruptcy Court"
306:. The company had notable brands under its umbrella, such as
145:
248:
228:
810:"US court: Sandy Hook victims' families can sue Remington"
840:
813:
521:"Remington Outdoor Company Announces Management Changes"
1161:
Companies that filed for
Chapter 11 bankruptcy in 2020
1156:
Companies that filed for
Chapter 11 bankruptcy in 2018
1116:
Defunct firearms manufacturers of the United States
939:"How Freedom Group Became the Gun Industry's Giant"
527:. New York: Bloomberg. June 9, 2015. Archived from
634:Rojas, Rick; Hussey, Kristin (November 12, 2017).
342:In 2015, the families of nine victims of the 2012
1092:
596:
1126:Manufacturing companies based in North Carolina
692:Rojas, Rick; Hussey, Kristin (March 14, 2017).
565:
1141:Manufacturing companies disestablished in 2020
663:Hussey, Kristin; Rojas, Rick (April 1, 2018).
484:
482:
995:
981:
1136:Manufacturing companies established in 2007
691:
662:
633:
479:
425:, H&R, Stormlake, AAC and Parker brands
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974:
1111:American companies disestablished in 2020
352:Protection of Lawful Commerce in Arms Act
105:Broken up following Chapter 11 bankruptcy
780:
906:
834:
720:
1106:American companies established in 2007
1093:
936:
748:
1146:2007 establishments in North Carolina
1121:Cerberus Capital Management companies
969:
553:from the original on October 23, 2011
344:Sandy Hook Elementary School shooting
330:In June 2007, a private equity firm,
937:Singer, Natasha (26 November 2011).
907:Collins, Dave (February 15, 2022).
13:
1131:Private equity portfolio companies
930:
781:Gershman, Jacob (March 14, 2019).
445:In February 2022, families of the
379:and "groundbreaking" according to
14:
1172:
1151:Rockingham County, North Carolina
1016:Bushmaster Firearms International
950:
835:Lindsay, Ryan (March 14, 2019).
721:Barbash, Fred (March 14, 2019).
408:: the Barnes ammunition business
244:
243:
224:
223:
25:
900:
879:
854:
828:
802:
774:
749:Collin, Dave (March 14, 2019).
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616:from the original on 2017-12-07
585:from the original on 2017-12-07
502:from the original on 2017-12-07
459:
280:www.remingtonoutdoorcompany.com
20:Remington Outdoor Company, Inc.
714:
685:
656:
627:
573:"ROC CEO and Director Changes"
535:
513:
1:
1052:Advanced Armament Corporation
1011:Advanced Armament Corporation
609:(Press release). 2017-10-25.
495:(Press release). 2016-12-31.
472:
432:brand and some related assets
7:
1021:Harrington & Richardson
332:Cerberus Capital Management
260:Cerberus Capital Management
71:; 17 years ago
10:
1177:
441:Dakota Arms: Parkwest Arms
421:JJE Capital Holdings: the
348:Connecticut Superior Court
325:
231:865.1 million (2016)
89:; 4 years ago
1067:
1051:
1003:
997:Remington Outdoor Company
370:Connecticut Supreme Court
294:), formerly known as the
288:Remington Outdoor Company
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137:
127:
109:
101:
83:
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41:
33:
24:
543:"Remington Arms Is Sold"
452:
251:18.9 million (2016)
788:The Wall Street Journal
115:Madison, North Carolina
16:Defunct holding company
531:on September 30, 2012.
412:Sturm, Ruger & Co.
604:"ROC CEO Appointment"
436:Sportsman's Warehouse
428:Franklin Armory: the
362:Chapter 11 bankruptcy
300:firearms manufacturer
360:Remington filed for
728:The Washington Post
382:The Washington Post
267:Number of employees
87:September 2020
21:
943:The New York Times
866:The New York Times
699:The New York Times
670:The New York Times
641:The New York Times
547:The New York Times
438:: the Tapco brands
376:The New York Times
298:, was an American
214:Storm Lake Barrels
196:H & R Firearms
19:
1088:
1087:
1075:H&R Handy-Gun
1059:.300 AAC Blackout
1036:DPMS Panther Arms
578:(Press release).
549:. April 6, 2007.
418:firearms business
285:
284:
188:Advanced Armament
1168:
1068:H&R Firearms
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959:Official website
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816:. March 14, 2019
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951:External links
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37:Freedom Group
36:
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1004:Subsidiaries
996:
942:
916:. Retrieved
912:
902:
891:. Retrieved
889:. 2020-09-28
881:
870:. Retrieved
868:. 2020-07-28
865:
856:
844:. Retrieved
830:
818:. Retrieved
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792:. Retrieved
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732:. Retrieved
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702:. p. A1
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675:. Retrieved
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646:. Retrieved
644:. p. A1
639:
629:
618:. Retrieved
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587:. Retrieved
567:
555:. Retrieved
546:
537:
529:the original
524:
515:
504:. Retrieved
461:
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341:
329:
295:
291:
287:
286:
110:Headquarters
42:Company type
1080:M50 Reising
365:creditors.
334:, acquired
208:Dakota Arms
158:Ammunitions
129:Area served
1095:Categories
913:apnews.com
893:2020-09-28
872:2020-07-28
620:2017-12-07
589:2017-12-07
506:2017-12-07
473:References
447:Sandy Hook
430:Bushmaster
308:Bushmaster
238:Net income
180:Bushmaster
918:March 27,
846:March 20,
820:March 20,
794:March 20,
766:March 20,
756:USA Today
734:March 20,
706:March 20,
677:March 15,
648:March 20,
354:of 2005.
316:Remington
271:>3,000
172:Remington
133:Worldwide
1026:Para USA
611:Archived
580:Archived
551:Archived
497:Archived
200:Para USA
162:Clothing
154:Shotguns
150:Carbines
138:Products
56:Firearms
52:Industry
34:Formerly
557:May 22,
400:RemArms
326:History
276:Website
220:Revenue
142:Pistols
94:2020-09
92: (
84:Defunct
74: (
66:Founded
60:Defense
46:Private
416:Marlin
414:: the
320:Marlin
168:Brands
146:Rifles
614:(PDF)
607:(PDF)
583:(PDF)
576:(PDF)
500:(PDF)
493:(PDF)
453:Notes
256:Owner
211:Tapco
920:2024
848:2019
822:2019
796:2019
768:2019
736:2019
708:2019
679:2019
650:2019
559:2010
423:DPMS
318:and
312:DPMS
302:and
249:US$
229:US$
184:DPMS
102:Fate
76:2007
69:2007
841:NPR
814:BBC
292:ROC
1097::
941:.
911:.
864:.
839:.
812:.
785:.
759:.
753:.
725:.
696:.
667:.
638:.
545:.
523:.
481:^
385:.
322:.
314:,
310:,
160:,
156:,
152:,
148:,
144:,
118:,
58:,
989:e
982:t
975:v
945:.
922:.
896:.
875:.
850:.
824:.
798:.
770:.
738:.
710:.
681:.
652:.
623:.
592:.
561:.
509:.
290:(
96:)
78:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
