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...Families of victims killed in a separate mass shooting in Buffalo, New York, last month are also considering suing Remington, the maker of the Bushmaster assault rifle used in the supermarket massacre, according...
...The families of nine victims of the Sandy Hook Elementary School shooting have agreed to a $73mn settlement with gun manufacturer Remington Arms....
...The last one was Cerberus and its takeover of Remington Arms, which failed in 2018. Bankers and lenders may have become more fastidious, and the two public companies have been financially prudent....
...Remington’s predicament was not helped by litigation from families of children murdered in the Sandy Hook massacre by a gunman using one of the company’s rifles....
...The US Supreme Court has refused to block a landmark lawsuit brought by families of Sandy Hook victims against Remington Arms, the gunmaker whose assault-style rifle was used in the 2012 massacre....
...Vista sold its gun manufacturing business, Savage Arms, last summer, but kept its bullet business. Its shares are down more than 84 per cent from the top....
...This month’s Supreme Court decision to allow a lawsuit against rifle-maker Remington has raised the stakes further....
...The new Smith & Wesson Brands will manufacture rifles and handguns under the namesake brand and Thompson/Center Arms, in addition to making Gemtech suppressors, generating an estimated $450m to $500m in...
...Connecticut’s top court has dealt the US gun industry a rare legal defeat, ruling that families of the victims of the 2012 Sandy Hook elementary school shooting may sue Remington, the company that made the...
...It had bowed to pressure from investors after Remington’s Bushmaster rifle was used in the deadly shooting at Sandy Hook Elementary School....
...He was “confident this regrouping ensures that Remington will continue as both a strong company and an indelible part of our national heritage”....
...“Companies like Remington expected people to stock up. But that didn’t happen.”...
...Last week, BlackRock, the world’s largest investment manager, said it was creating several options for investors who want to avoid AR-15 rifles and other civilian firearms....
...Dick’s supported the Second Amendment, which enshrines Americans’ right to bear arms, he said. “But we have to help solve the problem that’s in front of us....
...For decades the self-styled “arms maker for responsible citizens” has been one of the largest gunmakers in the US, selling many billions of dollars worth of rifles, revolvers and pistols....
...Dick’s supported the Second Amendment, which protects Americans’ right to bear arms, he said. “But we have to help solve the problem that’s in front of us....
...Mr Morris’s affinity with the gun rights espoused by the National Rifle Association has not been shaken....
...The company cemented its position as a world leader in 2013 by beating Colt and Remington to an all-important contract to supply the US army with M4 and M4A1 carbines, standard infantry weapons....
...Remington made a rifle used in the Sandy Hook shooting. But given the increased demand for guns, other investors have quickly swooped in....
...Sales of Colt’s modern sports rifles and handguns fell 30 per cent last year, and the company’s cash reserves had dwindled to $11.1m by May 22....
...The group, now formally known as Remington Outdoor Company, said in a release posted on its website that adjusted earnings before interest, depreciation and amortisation for 2013 would be $235m-$240m, on...
...The $20bn private equity group run by Stephen Feinberg, a keen hunter, acquired Bushmaster in 2006 and later merged it with other gunmakers such as Remington to create the Freedom Group....
...A family with two children examined a hunting rifle while a young couple inquired about a 9mm handgun....
...Subsequent contracts saw Accuracy International become the first non-German small-arms company to win a contract for the German military and in the 1990s, the company developed a special cold-weather rifle...
...The gold-plated assault rifles attracted a lot of attention at the world’s largest arms fair in London’s ExCeL centre last week....
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