Is the Sandy Hook massacre the real impetus behind the Remington Arms bankruptcy?
by Michael Hiltzik, Los Angeles Times
Mar 27, 2018
3 minutes
Remington Outdoor Co., owner of the century-old Remington gun company and other firearms manufacturers, made it crystal clear that financial strains were behind its bankruptcy filing Monday.
The company said that it had increased up production and borrowing in 2016 based on expectations that a Democratic administration in the White House hostile to gun rights would drive sales through the roof in 2017 and beyond. Instead, Donald Trump won the presidency, and expectations of higher sales evaporated.
But factors related to firearms liability law suggest that more than economics may be at
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