Sandy Hook families reach $73 million settlement with riflemaker Remington

[kingarthur65]

@Samm

@kingarthur65

@Samm

As they say, you can’t get blood from a turnip

The settlement will be almost entirely paid by insurance companies.
Since Remington is in bankruptcy, the decision to settle was most likely made by the trustees.

I find it very hard to believe that any gun manufacturer would have insurance of that magnitude to cover them for something that is so outlandish that it was not a foreseeable risk.

According to Koskoff’s law firm, Remington’s four insurers have all agreed to pay the full amount of coverage available, which is the $73 million total.

Families of Sandy Hook victims reach $73 million settlement with Remington

[kingarthur65]

@Samm

Thanks.

But …

“… the Connecticut families argued the way Remington marketed the gun used in the killings violated that state’s consumer law and prioritized profits over public safety.” does not tell me in what way the law was broken.

And …

“Remington’s four insurers have all agreed to pay the full amount of coverage available, which is the $73 million total.” suggests that the settlement was made by the insurance companies, not by Remington. The article reiterates that all of Reminton’s assets have been sold off … they have no skin left to be in the game.

As I said earlier. The plaintiffs attorneys will be publishing the discovery.
Also stated that the settlement was likely agreed to by the bankruptcy trustees.

[Oryx]

I didn’t say anything about Remington breaking the law. In m opinion, they didn’t.

[Samm]

@kingarthur65

@Samm

Thanks.

But …

“… the Connecticut families argued the way Remington marketed the gun used in the killings violated that state’s consumer law and prioritized profits over public safety.” does not tell me in what way the law was broken.

And …

“Remington’s four insurers have all agreed to pay the full amount of coverage available, which is the $73 million total.” suggests that the settlement was made by the insurance companies, not by Remington. The article reiterates that all of Reminton’s assets have been sold off … they have no skin left to be in the game.

As I said earlier. The plaintiffs attorneys will be publishing the discovery.
Also stated that the settlement was likely agreed to by the bankruptcy trustees.

Considering the trustees have already dealt with the divested assets, that’s just a formality. What is left for them to object to?

But I want to reemphasize the point. Those who are mad at Remington for settling are venting at the wrong entity. They are party to this in name only. All of the decisions are being made by others.

[WuWei]

@Guntsu

Can the handgun and shotgun drop 150 rounds under 5 minutes?

There’s a reason Lanza choose this weapon and taped magazines…he was trained to shot

Yes.
…

[biggestal99]

@Call_me_Ishmael

Ummmmm… 2nd amendment maybe?

What does the second amendment have to do with this lawsuit.

Nothing…

Allan