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Remington Has a $500 Million Question Hanging Over Its Bankruptcy

March 27, 2018, 8:18 PM
A Remington 700 hunting rifle (top), a Remington 1100 shotgun and a Remington R1 Enhanced model 1911 pistol at a gun shop in Stokesdale, North Carolina.
Photographer: Brian Blanco/Getty Images 

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.

But in Remington’s reorganization, the question remains whether people with pre-existing legal claims against the company will be made whole. Lawsuits over firearms defects and the use of its weapons in the Sandy Hook attack...

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