Gunmaker's Owner Has Ties to Newtown
Dec. 18 (Bloomberg) -- The father of Stephen Feinberg, founder of Cerberus, the private-equity firm that owns gunmaker Freedom Group Inc., lives in the town where a Freedom Group-made rifle was used to kill 26 people in an elementary school.
Martin Feinberg is a resident of Liberty at Newtown, a community for people 55 and older that’s about 6 miles from Sandy Hook elementary school. Cerberus today announced it will sell Freedom Group. (Source: Bloomberg)