Other Remington Arms to Pay $73 Million in Sandy Hook Case. Cerberus Bankrupted Remington. February 17, 2022 Reuters, Patriot Post, HuffPost, et al. 11 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.