![]() ![]() The filing comes despite that firearms dealers across the country have reported a spike in sales, citing the unrest following police brutality protests in support of George Floyd and calls to defund the police as catalysts, according to gun industry analyst Rob Southwick, founder of the market research firm Southwick Associates Inc. In November 2019, for instance, the US Supreme Court did not stop a lawsuit brought by Sandy Hook victims’ families against the company, which manufactured the semi-automatic rifle that was used in the 2012 mass shooting at an elementary school.Īnd in July 2020, the Wall Street Journal reported - citing people familiar with the matter - that discussions to sell Remington to the Navajo Nation broke down. Since then, Remington had a few setbacks. This is the second time in two years that the firearms manufacturer has filed for Chapter 11 - previously having filed in March 2018. The company made the filing on Monday in the US Bankruptcy Court of the Northern District of Alabama. Remington Arms, one of America’s oldest gun makers, has filed for Chapter 11 bankruptcy protection … again.
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