Gun Industry Disowns $73 Million Settlement Between Defunct Remington and Sandy Hook Families

Insurers have agreed to pay a massive settlement to the victims of the 2012 Sandy Hook shooting to the dismay of the gun industry.

$73 million will be paid out by insurers of the now-defunct Remington Outdoor Company (ROC), according to a settlement announcement released on Tuesday. The settlement will also allow the release of internal Remington documents obtained during the suit.

The firearms industry disowned the settlement. The National Shooting Sports Foundation (NSSF), which represents gun makers and dealers, said insurers made the decision to settle. The group said the settlement is only between the parties involved, does not create a legal precedent, and does not implicate the larger industry at all.

Read the full story at The Reload.

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