"Can 9 Sandy Hook families stop Remington’s bankruptcy sale?", 27 september 2020.

A longshot plan by nine Sandy Hook families to challenge Remington’s bankruptcy sale next week is not the first time odds have been against them in their six-year battle to hold the gunmaker liable for Connecticut’s worst crime...

But now Remington is a shell of its former self - seeking bankruptcy protection for the second time in as many years...

“The families are concerned that a quick sale will leave no funding to allow for (lawsuit) claims to be liquidated and/or proceed against applicable coverage..." the families’ lawyers argued recently...

At stake for the nation’s oldest gunmaker is an urgent need for cash to stay in business, according to Remington’s court papers. The plan is to sell its $65 million ammunition division as soon as possible...

The Sandy Hook families object to the sale because Remington left them off a list of the company’s top 40 creditors who would be paid once a bankruptcy agreement is complete. It wasn’t an accident, Remington lawyers said in an Aug. 14 court response to the Sandy Hook families...

Lawyers for the Sandy Hook families will argue that Remington enjoyed substantial profits from the booming firearms market during the first six months of 2020, and is only seeking an accelerated sale in bankruptcy court to run from its lawsuits...

Remington attorneys in Alabama and Connecticut did not return calls for comment on Friday. In court papers, Remington argues that the Sandy Hook families’ challenge is premature, because the winning bidder and the terms of the sale are not yet known...