Families of victims killed in the Sandy Hook Elementary School shooting have reached an agreement to settle a lawsuit against the gun manufacturer company Remington, for $73 million.

Gunmaker Remington to pay $73 million to families of Sandy Hook victims

The families of nine victims killed in the Sandy Hook Elementary School shooting have agreed to a $73 million settlement of a lawsuit against the gun manufacturer Remington and its four insurers.

Families of nine Sandy Hook victims reach $73 million settlement with gunmaker

Remington arms company said it will be playing $73 million to families of those killed in the Sandy Hook elementary school massacre in 2012. A gunman Adam Lanza had killed his mother and then shot twenty-six students and six other adults in Newtown, Connecticut with a Remington Bushmaster AR-15 rifle.

Sandy Hook school massacre: Remington arms to pay $73 million to families

The manufacturer of an assault rifle that used to kill 20 schoolchildren and six adults in the 2012 Sandy Hook massacre has offered $33m to settle lawsuits from the families of nine of the victims. This offer is yet to be approved by an Alabama judge. If accepted, the proposal by Remington would mean each of the families would receive $3.66m.

Gun maker Remington offers $33m to settle lawsuits from families of nine victims

Remington, America’s oldest gun maker, announced the deal in February to reduce its $950 million debtload in a deal that will transfer control of the company to creditors

Gunmaker Remington files for bankruptcy

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