Families of Sandy Hook victims reach $73 million settlement with Remington

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Families of Sandy Hook victims reach $73 million settlement with Remington
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The elementary school shooting left 20 students and six adults dead. Victims' relatives alleged the gun-maker marketed and sold assault rifles to civilians, 'prioritizing profit over public safety.'

Firearms training unit Detective Barbara Mattson, of the Connecticut State Police, holds up a Bushmaster AR-15 rifle — the same make and model of the gun used in the Sandy Hook School shooting. Families of victims killed in the Sandy Hook Elementary School shooting have reached an agreement to settle"These nine families have shared a single goal from the very beginning: to do whatever they could to help prevent the next Sandy Hook.

According to Koskoff's law firm, Remington's four insurers have all agreed to pay the full amount of coverage available, which is the $73 million total. The gun-makerThousands of pages of internal Remington company documents can also now be made public, according to Koskoff's law firm. "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," Koskoff said."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.

Two years later, relatives of victims sued the Remington Arms Co. in a Connecticut court. They alleged that the manufacturer marketed and sold assault rifles to civilians,"prioritizing profit over public safety." Now, that suit has come to a close."The plaintiffs in this action hereby give Notice that a settlement agreement has been executed between the parties," read a Tuesday filing from attorneys representing the estates of people killed in the shooting., there's a request for a hearing to have the case withdrawn.— A previous version of this story incorrectly said Sandy Hook Elementary School was located in Newtown, Mass. It was in Newtown, Conn.

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