Deals
Remington Has a $500 Million Question Hanging Over Its Bankruptcy
Litigation over a gun defect will likely be delayed. How those claims will ultimately be resolved is unclear.
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Remington Outdoor Co.’s decision to seek court protection was a long-anticipated move by one of America’s oldest gun-makers. It was in part the result of a maelstrom that’s buffeted the industry since the election of Donald Trump, one also fueled by mass shootings and protests such as this weekend’s nationwide march for gun regulation.
Hundreds of millions of dollars in leveraged-buyout debt didn’t help, either.