Madison, NC – Remington has offered to pay $33 million to the families of nine victims murdered in the Sandy Hook Elementary School massacre in 2012.
The killer used a Remington Bushmaster rifle during the attack in Newton, Connecticut, murdering 20 children and six adults before he fatally shot himself, Reuters reported.
He also murdered his mother prior to the massacre.
America’s oldest gun manufacturer proposed the lawsuit settlement in court documents filed Tuesday.
The settlement offered by Remington, which is comprised of Remington Outdoor Co. Inc. and Remington Arms Co. LLC, would result in each of the nine plaintiffs receiving $3.66 million, CNN reported.
The families originally filed the lawsuit in 2014.
The attorneys representing the victims’ families asserted in a court filing in February that the wrongful death claims associated with the massacre totaled over $225 million, Reuters reported.
Total claims, including punitive damages, surpass $1 billion, according to the lawyers.
The proposed settlement would be subject to approval by the federal judge in Alabama who is overseeing the gun manufacturer’s bankruptcy case, Reuters reported.
Attorney Josh Koskoff, one of the lawyers representing the families, said they will “consider their next steps” in light of the proposal.
Gun manufactures are generally shielded from wrongful death lawsuits filed by family members due to a 2005 federal law, CNN reported.
But the families of the Sandy Hook victims went after the company’s marketing strategy, alleging that Remington pushed the militaristic qualities of the Bushmaster and touted it as a combat weapon in violation of Connecticut’s deceptive marketing practices law.
In 2019, the U.S. Supreme Court refused to hear Remington’s appeal, thereby allowing the lawsuit to proceed, CNN reported.
“Since this case was filed in 2014, the families’ focus has been on preventing the next Sandy Hook,” Koskoff said in a statement to Reuters. “An important part of that goal has been showing banks and insurers that companies that sell assault weapons to civilians are fraught with financial risk.”
He praised two insurance companies for cutting ties with Remington after they recognized that promoting the use of AR-15-style firearms “as weapons of war to civilians is indefensible,” CNN reported.
Remington has filed for bankruptcy twice – once in 2018 and once in 2020, according to Reuters.