…from the Hill….
Remington Outdoor Co., a major U.S. gun manufacturer, reportedly filed for chapter 11 bankruptcy protection on Sunday.
The company, which is facing mounting debt and lawsuits related to the Sandy Hook Elementary School shooting, announced last month that it would file for bankruptcy, but delayed doing so after the Florida high school shooting in February, according to the Wall Street Journal.
“We do not expect this filing to affect the families’ case in any material way,” an attorney representing Sandy Hook families in their suit against the manufacturer said in a statement to The Hill.
Remington reportedly plans to hand over control of the company to its creditors.
The company is one of the oldest gun and ammunition makers in the U.S.
The day before the filing, hundreds of thousands of young people gathered in all 50 states and on six continents for the March For Our Lives, an anti-gun violence march organized by survivors of the Florida shooting….