Remington Arms to pay $73 million to families of victims of Sandy Hook School mass shooting
The bankrupt Remington arms manufacturing company will pay $ 73 million to the families of the victims of Sandy Hook Elementary School, CNN reports.
On December 14, 2012, 20-year-old Adam Lanza shot and killed 26 people in Sandy Hook Elementary School in Newton, Connecticut.
Lanza was armed with his mother's Bushmaster XM15-E2S rifle and had ten magazines with 30 rounds each.
Remington, its four insurers and the families of the victims came to an amicable agreement seven years after the lawsuit was filed.
Remington Arms previously offered to pay up $33 million to the Sandy Hook families last July to end the lawsuit. The families declined. Today they won $73 million.https://t.co/5X4fXTlj4x— Sebastian Murdock (@SebastianMurdoc) February 15, 2022
The plaintiffs argued that the company should be held responsible for such tragedies because of a marketing strategy that encourages violence.
"This momentous, historic victory sends a powerful and convincing signal to manufacturers, as well as to the insurance and banking industries that support them. This is a high-risk market, it is unprofitable, and you will be held accountable," said Nicole Hockley, who lost her son Dylan in the mass shooting.
BREAKING: Remington Arms agreed today to pay $73 MILLION to the families of five adults and four children killed in the massacre at Sandy Hook Elementary School. This is the FIRST time a gun manufacturer has been held liable for a mass shooting in the U.S.— Jon Cooper (@joncoopertweets) February 15, 2022