Daily US Times: Remington, the company that made a rifle used in one of the worst school shootings in the United States has offered $33 million to several victims’ families.
The proposed settlement for the 2012 Sandy Hook massacre from Remington, the oldest gunmaker of America, came as part of a bankruptcy hearing for the company.
The move also comes in response to a lawsuit brought by families of 9 of the 26 victims.
Each family would receive some $3.66 million.
It is subject to the approval of the Alabama judge overseeing the gunmaker’s bankruptcy case.
The amount falls far short of what the families sought. They argued in court in February that wrongful death settlements could total $225 million, with total punitive claims possibly exceeding $1 billion.
A lawyer for the victims’ families said they would “consider their next steps” regarding the offer.
Lawyer Josh Koskoff said in a statement: “Since this case was filed in 2014, the families’ focus has been on preventing the next Sandy Hook.”
Mr Koskoff said that 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.
Remington, best known for its shotguns and rifles, was founded in 1816.
After it emerged that the semi-automatic rifle was used in the Sandy Hook killings was Remington’s, victims’ family members filed a lawsuit against the gunmaker alleging that the military-style weapon should never have been sold to a civilian.