REMINGTON AGAIN FILES FOR CHAPTER 11 BANKRUPTCY

Remington Arms, weighed down by lawsuits and retail sales restrictions following the Sandy Hook school massacre, is seeking bankruptcy protection for the second time in as many years. In a Chapter 11 filing in U. S. Bankruptcy court for Northern District of Alabama, the gunmaker listed assets and liabilities of between $ 100 million and $ 500 million, and between 1,000 and 5,000 creditors. Families of those killed in the 2012 Sandy Hook school shooting say Remington violated the Connecticut Unfair Trade Practices Act by marketing its Bushmaster XM15- E2S, an AR- 15 style weapon, to civilians.