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Remington Files For Bankruptcy Again

  • Reuters, Tuesday, July 28, 2020 8:50 PM
For the second time in two years, Remington Arms Co has filed for Chapter 11 bankruptcy protection. Financial troubles are attributed in part to some retailers placing restrictions on gun sales after school shootings. A Remington Bushmaster rifle was used in the Sandy Hook elementary school shooting in Connecticut in 2012 that killed 20 children and six adults. Remington is facing a lawsuit filed by the families of the victims related to the marketing of the company’s guns.

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