【破产新闻】Critical Mass: Remington Bankruptcy Could Delay Sandy Hook Suit. Plus, Ex-Students Take Shuttered Law School to Court

March 27, 2018

Remington's Bankruptcy Could Silence Sandy Hook Victims

  Remington’s Chapter 11 bankruptcy could hold up a case brought by 10 families of victims of the 2012 shooting at Sandy Hook Elementary School, even if theConnecticut Supreme Court rules in their favor. That’s according to this story byLaw.com’s Robert StoraceThe bankruptcy: According to Bloomberg’s story (seehere), Remington cited a slowdown in gun sales following President Donald Trump’s election as a reason for its bankruptcy filing. It also noted a failed IPO and investor revolt following Sandy HookThe Sandy Hook caseAdam Lanza killed 26 peopleat Sandy Hook with an AR-15, a semi-automatic rifle that’s been used in several mass shootings including last month’s massacre of 17 persons at Marjory Stoneman Douglas High School in Parkland, Florida. Families of the Sandy Hook victims sued Remington, the manufacturer of the weapon, which was used by Lanza after it had been sold to his mother. But the shooting victims' families have faced an uphill battle in court. TheConnecticut Supreme Court heard oral arguments in the case last November (seehere). Now, even if the plaintiffs win at the high court, Remington’s bankruptcy could mean a long waiting period. “The takeaway is that even if the case is remanded back to the lower court by the state's high court, the bankruptcy court in Delaware could - potentially - hold things up for awhile,” Robert told me. That's not Remington's only legal problem. In 2014, Remington settled a nationwide class action brought by its customers over allegedly defective rifles. On Monday, Remington lawyer John Sherk ofShook, Hardy & Bacon filed a notice before the 8th Circuit, which heard oral arguments last month (see here) in a highly publicized appeal of the settlement, that the case could be stayed given the bankruptcy.

Ex-Students Take Savannah Law School to Court

Former law students of the shuttered Savannah Law School have filed a class actionover the abrupt closure, claiming the school misled them about its financial stability and devalued their grades, according to Law.com’s story by Katheryn Tucker (see here).Just last week, school officials announced that Savannah Law School would close its doors at the end of the spring semester (see this story by Law.com’s Karen Sloan). The law school, which had been operated as a Savannah campus of Atlanta’s John Marshall Law School, cited small enrollment numbers. It’s the latest law school to close amid low bar passage rates and a tight job market. School officials sold the building and offered one-time $2,000 scholarships for students to transfer to its main site in Atlanta. Stephen Lowry of Harris Lowry Manton filed the case on behalf of the students.  

 

Source:https://finance.yahoo.com/news/critical-mass-remington-bankruptcy-could-060028093.html

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