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Remington Files For Bankruptcy Amid Nationwide Unrest, Surge In Gun Purchases

Remington Arms Co. filed for bankruptcy amid nationwide unrest and surging gun sales. The firearm company filed for chapter 11 protection, or reorganization bankruptcy, for the second time since 2018, The Wall Street Journal reported Monday. Remington has been in business for over 200 years, according to its webpage. JPMorgan Chase and Co., Franklin Resources Inc. and other investors acquired Remington following ...

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Supreme Court: Sandy Hook Family Members’ Lawsuit Against Gunmaker Can Move Forward

US Supreme Court

The Supreme Court said Tuesday that a lawsuit against Remington Arms Co., a gunmaker, filed by family members of the victims of the 2012 Sandy Hook massacre can move forward. The plaintiffs include relatives of nine people killed at Sandy Hook Elementary School in Connecticut and one survivor of the massacre that left 27 children and adults dead. The lawsuit ...

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Remington Asks US Supreme Court To Hear Sandy Hook Liability Case

US Supreme Court

The maker of the gun used in the Sandy Hook, Connecticut, school shooting asked the U.S. Supreme Court Thursday to hear an appeal of a state ruling that revived a wrongful death suit against the company. Remington Arms asked the nation’s highest court to hear an appeal of a March Connecticut Supreme Court ruling that reinstated a lawsuit against it ...

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Remington files for bankruptcy as sales slide and gun control looms

U.S. firearms manufacturing giant Remington filed for bankruptcy protection according to court filings that appeared Sunday. The oldest firearms maker in the United States referred to falling sales and the possibility of strict gun control laws for their financial woes. Remington saw $1.2 billion in sales in 2013, $865 million in 2016 and just $602 million last year. Remington filed ...

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Remington Arms lays off 122 workers

Remington Logo

Remington Arms Company announced Wednesday that it had laid off 122 workers from its manufacturing plant in Ilion, NY. Remington officials say that the cuts are due to a decline in demand and increasing inventories. The firearms manufacturer’s announcement comes just a few weeks after Outdoor sporting goods and firearms retailer Gander Mountain announced that it was declaring bankruptcy due to ...

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