Home Crime Gunmaker Remington Agrees to Settle 2014 Suit Brought by Sandy Hook Families for $73 Million – PEOPLE

Gunmaker Remington Agrees to Settle 2014 Suit Brought by Sandy Hook Families for $73 Million – PEOPLE

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Gunmaker Remington Agrees to Settle 2014 Suit Brought by Sandy Hook Families for $73 Million – PEOPLE

A settlement has been reached between the families of the victims of the 2012 Sandy Hook mass school shooting and the company that made the gun used in the massacre.
Twenty students and six educators died in the Dec. 14, 2012, shooting at Sandy Hook Elementary School in Newtown, Conn.
According to a notice of settlement filed in Waterbury Superior Court on Tuesday and obtained by PEOPLE, Remington Arms Company and relatives of nine of the victims have come to terms on an agreement that will bring an end to a 2014 civil suit.
The civil suit accused the gun manufacturer of "prioritizing profit over public safety" in the marketing of assault rifles to civilians. A civil trial had been scheduled to begin this September.
"These nine families have shared a single goal from the very beginning: to do whatever they could to help prevent the next Sandy Hook.  It is hard to imagine an outcome that better accomplishes that goal," Josh Koskoff, the families' attorney, said in a statement. "This victory should serve as a wake up call not only to the gun industry, but also the insurance and banking companies that prop it up."
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He continued: "For the gun industry, it's time to stop recklessly marketing all guns to all people for all uses and instead ask how marketing can lower risk rather than court it. For the insurance and banking industries, it's time to recognize the financial cost of underwriting companies that elevate profit by escalating risk. Our hope is that this victory will be the first boulder in the avalanche that forces that change."
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"The plaintiffs in this action hereby give notice that a settlement agreement has been executed between the parties," reads Tuesday's filing.
According to a release sent out on behalf of the plaintiffs Tuesday, the gunmaker will pay out $73 million to the families involved.
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Back in July, attorneys for Remington offered nearly $33 million to the families in a bid to settle the suit — a move the plaintiffs rejected.
In September, Remington subpoenaed school records of the children and adults killed in the massacre. 
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The attorneys for the families immediately moved to have those records sealed.
A spokesman for Remington was unavailable for comment Tuesday.

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