Remington Arms to Pay $73 Million in Sandy Hook Case. Cerberus Bankrupted Remington.

Sandy Hook shooter Adam Lanza, Wiki
image_pdf
  • Save
image_print
  • Save
Remington Arms has been set up to pay $73 million as a settlement to the families of five children and four adults who were shot at Sandy Hook school in 2012. The Sandy Hook court case sets a new precedent for gun liability cases. Remington went bankrupt following a “shady” financial deal in 2012 by its owner, Cerberus equity company. Cerberus also owns DynCorp, a government and military contractor that has been linked to pedophilia, rape and trafficking.

Summary by JW Williams

Remington Arms, the manufacturer of the Bushmaster AR-15 weapon that was used in the 2012 Sandy Hook shooting, will reportedly pay $73 million to the families of five children and four adults who were killed. This is the first time that a gun manufacturer has agreed to a major settlement over a mass shooting in the US.

Cerberus Assigned Hundreds of Millions in Debt to Remington

The Cerberus private equity firm, which manages over $30 billion in assets, bought Remington in 2007. It paid $370 million for the deal, which included assuming $252 million in Remington debt. Cerberus put money into a holding company, the Freedom Group, that actually bought Remington, instead of buying Remington outright. In 2012, the year of the Sandy Hook shooting event, Cerberus had Remington borrow hundreds of millions of dollars and use it to buy the holding company’s debt, effectively transferring responsibility for the principal and the interest payments onto Remington. Remington later went into bankruptcy.

Cerberus is also the parent company of DynCorp, which is a major national security contractor with the US government that charges billions for overseas military and police training. DynCorp has been involved in a number of scandals including pedophilia, rape, child trafficking, sexual slavery with boys in Afghanistan, and child pornography. Cerberus has given large donations to both Republicans and Democrats. DynCorp continues to be awarded lucrative government contracts. In 2018, former President Trump named Cerberus co-founder Stephen Feinberg to head the President’s Intelligence Advisory Board.

Sandy Hook Sets New Precedent for Gun Liability Cases

The Remington settlement exploited an exception in a 2005 law shielding gun manufacturers from liability lawsuits. That exception was for marketing, and the families blamed Remington’s ads for inspiring Adam Lanza, the accused killer who stole the gun from his mother.

The 2005 Protection of Lawful Commerce in Arms Act (PLCAA) states “…(3) where a manufacturer or seller of a qualified product knowingly and willfully violated a State or Federal statute applicable to the sale or marketing of the product, and the violation was a proximate cause of the harm for which relief is sought;”

It seems highly unlikely that Remington’s marketing was a factor in the shooting as Lanza didn’t buy the gun as he stole it from his mother. The plaintiffs never produced evidence that Lanza ever saw any of their advertisements. The shooter had the sole responsibility for his actions.

Remington Arms will release all of their discovery and disposition material to the public in a one-sided agreement.

While federal law shields gun manufacturers from some wrongful death litigation, the Connecticut Supreme Court ruled Remington was not immune from liability on the matter of its marketing practices. Remington appealed to the US Supreme Court, which dismissed the opportunity to review the case.

Gun control advocates have been encouraged by the Sandy Hook legal strategy, and now have a precedent that aims to destroy gun manufacturers via litigation and large settlements. New Jersey’s attorney general is now investigating Smith & Wesson’s marketing.

A recent government-funded study found that of all the mass shootings that took place between 1966 and 2019, more than half took place since 2000, with 20% of them occurring between 2010 and 2019.

Sources:

Reuters:   https://www.reuters.com/world/us/nine-sandy-hook-families-settle-liability-claims-with-remington-arms-2022-02-15/

Patriot Post:   https://patriotpost.us/articles/86292-remingtons-$73m-settlement-sets-bad-precedent-2022-02-16

Wikipedia:   https://en.wikipedia.org/wiki/Steve_Feinberg

HuffPost:   https://www.huffpost.com/entry/its-dj-vu-for-dyncorp-all_b_792394

Medium:   https://medium.com/@elBuho/hillary-clinton-and-dyncorp-the-unknown-story-of-the-15-year-old-belly-dancer-2587b2552a54

NewsPunch:   https://newspunch.com/army-general-elite-pedophile-ring/

Captain’s Journal:   https://www.captainsjournal.com/2019/05/05/how-cerberus-drove-remington-out-of-business/

Market Realist:    https://marketrealist.com/p/will-remington-still-make-guns/

Visit our Classified ads.

Check out our Classified ads at the bottom of this page.

Recent stories & commentary

  • Save
Health

They Can’t Hide the Truth Any Longer about COVID Jabs

October 3, 2022 Redacted 2

Long list of harm caused by COVID-19 injections including reports of mass deaths, blood clots, an uptick orders for small child-size coffins, rise in non-COVID “unexpected” deaths (up 15% in Western countries), myocarditis, and the lack of clinical trials on the most recent booster shot offered in September 2022.

  • Save
Money

Stock Market Losses Wipe Out $9 Trillion from Americans’ Wealth

September 30, 2022 CNBC 2

The top 1% lost over $5 trillion in stock market wealth. The market was inflated as it nearly doubled during the pandemic, rising from $22 trillion to $42 trillion. The bulk of that wealth went to those at the top, since the wealthiest 10% of Americans own 89% of individually held stocks.

  • Save
Health

Rat Feeding Study Shows ‘Impossible Burger’ May Not Be Safe to Eat

September 30, 2022 GM Watch 2

Rats fed Impossible Burger’s GM yeast-derived protein developed unexplained changes in weight gain, changes in the blood that can indicate the onset of inflammation or kidney disease, and possible signs of anemia. The he FDA issued a “no questions” letter which is not an assertion by the FDA that the food is safe.

Classifieds

For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.

Subscribe
Notify of
guest
11 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Cal
Cal
7 months ago

Remington Arms, the manufacturer of the Bushmaster AR-15 weapon that was used in the 2012 Sandy Hook shooting, will reportedly pay $73 million to the families of five children and four adults who were killed.”

Then “booze” companies are responsible for drunk driver damages? Fast food/etc for the overweight and unhealthy diets, heart attacks, etc? Etc, etc, etc?

No, each person is RESPONSIBLE for their own actions, unless a minor, in that case their parents are.

Fastt Ed
Fastt Ed
7 months ago

And the school district is NOT held liable at all ?
And where is the “Supremes” Court on all this ? No appeal to them ?

Bruce Tanner
Bruce Tanner
7 months ago

It would be nice if Need to Know News could at least mention that many dedicated researchers have amassed evidence indicating that the “Sandy Hook Massacre” never happened in the ways that what is arguably best known as the Propaganda Media reported it as taking place.

Alabama John
Alabama John
7 months ago

How about gun and sporting stores, are they now guilty if their product causes harm?

Steven Smith
Steven Smith
7 months ago

Nobody died at sandy hook.

Dave
Dave
7 months ago

So Walmart is responsible for all the kitchen knife murders…right?

Steve Gaylord
Steve Gaylord
7 months ago

Sandy Hook Elementary, located in Newtown, Connecticut, was not even an operational school at the time of the shooting and hadn’t been since its closure in 2008 due to its “deplorable physical condition (both inside and out)” and its noncompliance with federal and state laws.
Next, we can probably expect to see the tyrant, Justin Trudeau suing Peterbilt, Freightliner, and Kenworth for Billions for a headache.

Jim
Jim
7 months ago

As has been pointed out in other comments, there is tremendous evidence that the Sandy Hook event was a false flag operation that never really happened. I realize that I’m posting here to a very aware audience, but if you’ve never seen it, take a look at the free book online titled “Nobody Died at Sandy Hook”, that got banned on Amazon. In addition, go to Bitchute.com and type in “Sandy Hook” to see the videos discussing this…So all of this has me wondering if this supposed “payment” by Remington is also made up B.S., to keep the pitch for… Read more »

christopher david scallio
christopher david scallio
7 months ago

That explains why Remington settled. They’re owned by Dyn Corp. An Intelligence Agency run Corporation for the Military Industrial Complex. Anyone who’s spent a minimum of 2 hours researching Sandy Hook would know that it was a Hoax. Even if the Drill was a real event, which it wasn’t, a manufacturer would have no liability for what someone does with their property. No one would settle.

Jon Nellis
Jon Nellis
7 months ago

Cerberus….Three headed dog that guards the gate to Hades Freedom Group Compliance call line…1-888-#$%-0666 (photographic proof) 4..the number of CEO and plant managers during my tenure at Ilion facility, who also received very lucrative parachutes (tens of millions) when they moved on to bilk their next company or retire in grandeur. Having custom built and proofed by hand thousands of specialty BM SKU firearms on line and my own bench. The last one ever made in Ilion went home with me. The pinnacle of line production was near 1600 a day, one thousand six hundred, times average $1000.00 retail. Do… Read more »

Jon Nellis
Jon Nellis
7 months ago

I would have left my thought as they were if not for having viewed a “documentary” about “Boeing and McDonnell Douglass” last night concerning their 737 max. What transpired with that particular American Icon and bastion of American manufacturing Beoing. IS Exactly what happened at Remington Arms, Exactly the same with the exception of FAA vs ATF. Collective Corporate GREED is purposefully destroying industry and killing people, then after the political muppet show, they pay a percentage of their billions in profit to avoid criminal charges.