The Bushmaster AR-15 rifle was used in the Sandy Hook shooting in CT in which 20 first-graders and six educators were killed in 2012. That's typical for gun makers, which tend to perform better when Democrats are in power.
It also faced political and financial backlash after the Sandy Hook shooting in CT left 20 first-graders and six educators dead in 2012.
The company's biggest creditors are Pension Benefit Guaranty Corporation and The Marlin Firearms Company Employees' Pension Plan.
Remington, based in North Carolina, has been making various handguns, rifles and shotguns since 1816.
Remington representatives did not return messages from CNNMoney, and the National Shooting Sports Foundation, the gun industry group, declined to comment on the bankruptcy.
In the bankruptcy, Cerberus Capital Management, a private equity firm that acquired Remington in 2007, will lose its ownership of the company.
A Superior Court judge in Bridgeport dismissed the lawsuit in 2016, agreeing with attorneys for Remington that the lawsuit "falls squarely within the broad immunity" provided to gun manufacturers and dealers by the federal Protection of Lawful Commerce in Arms Act, or PLCAA.
The ironic effect of having a pro-Second Amendment president in office is that people aren't so anxious about having their firearms seized, so they won't be in as much of a rush to run out and purchase new weapons.
The industry has been hurt by another trend: A large percentage of guns in the US are owned by an increasingly small group of people.
The news service said it was unclear if any creditors had changed their minds about the debt-restructuring deal after the Parkland shooting.
The election of Trump-who pitches himself as a friend of gun owners-was actually bad for business.
"We are confident that we will continue our long-held leadership position in the sporting goods industry and that we will persevere to remain in the company of the most venerated, respected, and admired brands and companies in the United States".
It's also looking into creating new investment funds for investors that exclude firearms makers and retailers.
Some may consider it a surprise that he's even going to Russian Federation , but Southgate his experience could prove invaluable. And I do love the way he's got us playing from deep. "We had the best record in qualifying defensively".
Investigators say the bodies of an Iowa couple and their two children have been found in a rented condo in Mexico . On March 16, the State Department provided a traveling advising caution tourists regarding traveling to Mexico.
The utility has noticed that, from an energy perspective, participation in Earth Hour has been declining in our province. Some of the world's most iconic landmarks like the Effile Tower will switch off lights.
The Seminoles got hot with 2:07 remaining in the game and went on a 10-2 run to pull within two points of the Wolverines. Loyola-Chicago is blowing away expectations that its Elite Eight matchup with Kansas State would be a close game.
However, overall the analysis found the proportion of preventable cases of cancer had fallen - from 42.7% in 2011 to 37.7%. Being overweight or obese is another risk factor for cancer , with 6.3% of cancer cases being linked to excess weight.
It also makes Dropbox's IPO the biggest for a tech company since Snapchat 's parent company Snap went public in March 2017. Dropbox provides free cloud storage, file synchronization and personal cloud feature along with client software.
A day after the Dow Jones industrial average dropped more than 700 points, Wall Street was poised for a steadier session. Korea was exempted at least temporarily from steep US tariffs on steel and aluminum.
The quality of the game was exquisite, the only disappointing part was that there wasn't enough goals for both the teams. Right at the start of the second half, Germany winger Julian Draxler came within a whisker of putting the hosts ahead.
Diplomats and other sources have said Kim Jong Il avoided flying for overseas trips due to security concerns. US President Donald Trump has always been pressuring Chinese leader Xi Jinping to take action North Korea .
The spending bill, which President Donald Trump signed on Friday, also includes grants to help schools prevent gun violence. The rallies come in the aftermath of the shooting at a high school in Parkland, Florida on February 14 that took 17 lives.
He had been visiting Finland since Thursday, but slipped out of the Nordic country before Finnish police could detain him. Puigdemont had recently left Finland before authorities there could act on a European warrant against him.
Boko Haram in ceasefire talks with Nigerian government
Police Inspector General Muhammed Abubakar said Saturday that he cancelled a trip to Dapchi to avoid interfering with the release. They said the report did not account for two more girls, one of which went to sell satchet water to pupils in the school.
FXX No Longer Making Animated Deadpool Series
He will also be starring in a number of high-profile projects including Solo: A Star Wars Story and a remake of The Lion King . The hype surrounding Marvel's next Deadpool film is starting to build as its May release date draws closer and closer .
Grab takes over Uber's Asia-Pacific operations
Previously Uber sold its China business to Didi Chuxing and merged its Russian Federation operations with tech firm Yandex. Misra made the remarks shortly after becoming an Uber board member as part of the SoftBank investment.
Pakistan condemns missile attack on Saudi Arabia
The war pits a coalition of Sunni Arab states friendly to the West against a Shi'ite armed movement sympathetic to Iran. The poll comes as some European states, notably Germany, have curtailed ties with the Saudi-led military coalition.
Bank of England keeps rates on hold, hints at May rise
British inflation jumped past year and remains at an elevated level after Britain voted to leave the European Union in 2016. Early estimates among its staff suggest growth may slow to 0.3% in the first quarter from 0.4% at the end of 2017.
NaMo app data not leaked, says govt
Thanks mainstream media, youre doing a great job of burying this critical story, as always". Watch News Nation's special coverage to know more details regarding the same.
Black Panther Is Biggest Superhero Movie of All Time in the US
Marvel's Black Panther has become even more of a box office giant than any of the industry's wildest predictions and expectations. The Ryan Coogler-helmed superhero movie is at $590.4M worldwide and $612.1M domestic for $1,202.5M global through Wednesday.
Palestinian teen gets prison for slapping Israeli soldier
They claim she has always been exploited by her family, who they accuse of using her to try to provoke Israeli soldiers on film. Ahed's arrest made worldwide headlines and rallied global support for her freedom, causing major embarassment for Israel .