Sandy Hook Families’ $73 Million Deal With Remington Approved

A bankruptcy judge approved a $73 million settlement between gunmaker Remington Arms and families of children and adults killed in the 2012 mass shooting at Sandy Hook Elementary School.

The settlement, approved at a hearing Tuesday by Judge Clifton R. Jessup Jr. of the U.S. Bankruptcy Court for the Northern District of Alabama, calls on four of the company’s insurers to make full payouts of $73 million.

Jessup approved the unopposed settlement after finding it won’t have an impact on other tort claims or remaining insurance assets in the case.

The four insurers are Ironshore Specialty Insurance Co., James ...