Remington Accused of 'Greed' as $73M Sandy Hook Settlement Announced

Families of nine victims killed in the Sandy Hook school shooting announced Tuesday that they reached a $73 million settlement with gunmaker Remington Arms and its insurers, but their lawyer had harsh words for the company, accusing it of greedy practices.

Twenty first-graders and six educators were killed at the elementary school in Newtown, Connecticut, on December 14, 2012. The settlement comes after the families filed a wrongful-death lawsuit over seven years ago against Remington, the now bankrupt maker of the Bushmaster AR-15-style rifle the gunman used. The settlement marks the first time that an arms maker has been held legally accountable for a mass shooting, according to ABC News.

During a Tuesday press conference, an attorney for the families, Joshua Koskoff, detailed why their lawsuit against Remington was important, as well as the two driving factors in the case. "When we first looked into the case, we thought that it was really about the gun, and the gun has a big role here, but there was a chilling part that we learned that was comparable to this, and that was about greed," he said.

Koskoff added, "It was about greed. I thought the case was really about the gun, but it is just as much about greed."

The families of the victims released statements about the settlement. Nicole Hockley, whose 6-year-old son, Dylan, died in the shooting, said that his life was taken because of greed.

"My beautiful butterfly, Dylan, is gone because Remington prioritized its profit over my son's safety," she wrote. "Marketing weapons of war directly to young people known to have a strong fascination with firearms is reckless and, as too many families know, deadly conduct. Using marketing to convey that a person is more powerful or more masculine by using a particular type or brand of firearm is deeply irresponsible."

She went on to say that "my hope is that by facing and finally being penalized for the impact of their work, gun companies, along with the insurance and banking industries that enable them, will be forced to make their business practices safer than they have ever been."

Veronique de la Rosa and Lenny Pozner, the parents of a 6-year-old named Noah who also died at Sandy Hook, released a similar statement following the settlement news.

"Every day is a realization that he should be there, and he is not. What is lost remains lost," Noah's parents said. "However, the resolution does provide a measure of accountability in an industry that has thus far operated with impunity. For this, we are grateful."

One of the lawyers representing the Sandy Hook families, Christopher Boehning, said in a statement, "We are thrilled that the Sandy Hook families finally had their day in court. After all they have endured, this settlement sends a strong warning signal to other gun manufacturers regarding their role in these unthinkable tragedies."

Newsweek reached out to lawyers representing Remington for comment but did not hear back before publication.

Update 02/15/2022,12:36 p.m. EST: This story has been updated with background and quotes from victims' families.

Sandy Hook Memorial
A $73 million settlement has been reached between families of victims in the 2012 Sandy Hook shooting and gun manufacturer maker Remington. Above, a resident places flowers near the elementary school in Newtown, Connecticut, on December 15, 2012. Photo by Robert Nickelsberg/Getty Images