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- In a historic settlement, gun manufacturer Remington, has settled with the families of the victims of the Sandy Hook massacre for 73 million. This settlement is really interesting for a number of different reasons. First, its double what Remington offered to pay in July. Its also the first time since the Federal Protection of Lawful Commerce and Arms Act passed in 2005, which made it almost impossible to sue a gun manufacturer. Basically that law made guns exempt from normal product liability rules, and made it impossible to sue a gun manufacturer when their guns were used in the perpetration of a crime. That was until the Connecticut Supreme Court ruled that in 2019 that the law didnt shield gun manufacturers from their advertising of guns. And thats what the Sandy Hook case really focused on. But keep in mind that Remington filed for Chapter 11 Bankruptcy in July of 2020, so well see how this plays out.
