Remington was going bankrupt for a second time. They even moved their manufacturing to Alabama and Georgia and out of NY due to laws passed by NY that would have messed with them legally.
That plus low sales and the Sandy Hook lawsuit made them declare bankruptcy and Roundhill scooped them up.
Sandy Hook parents sue Remington
Remington ask for the report cards of all the kids and victims of the school
Hedgefund magically buys all of RemingtonVenture Capital Fund scoops up the firearms side of Remington, ammo side sold to another companyHedgefund settles case with parents (because the funds insurers had to pay out, not them.)
🤔
Oh snap
Very Interesting! Thanks
Not a hedgefund, it was a venture capital fund:
https://sgbonline.com/roundhill-group-purchases-remington-firearms/
Remington was going bankrupt for a second time. They even moved their manufacturing to Alabama and Georgia and out of NY due to laws passed by NY that would have messed with them legally.
That plus low sales and the Sandy Hook lawsuit made them declare bankruptcy and Roundhill scooped them up.