.... but Remington is now in bankruptcy 
A mourner places a carved wooden cross at a streetside memorial on Dec. 21, 2012, in Newtown, Conn.
Remington Arms on Tuesday agreed to a $73 million settlement of liability claims from nine families of Sandy Hook shooting victims, according to court documents and lawyers for the families.
Why it matters: It's the first time in the U.S. a gun manufacturer has been held responsible for a mass shooting, ABC News reports.
Driving the news: Families of five adults and four children killed in the shooting at Sandy Hook Elementary School sued the gunmaker nearly eight years ago for its marketing practices, claiming that Remington "recklessly marketed a military-grade gun to civilians."
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Remington Arms on Tuesday agreed to a $73 million settlement of liability claims from nine families of Sandy Hook shooting victims, according to court documents and lawyers for the families.
Why it matters: It's the first time in the U.S. a gun manufacturer has been held responsible for a mass shooting, ABC News reports.
Driving the news: Families of five adults and four children killed in the shooting at Sandy Hook Elementary School sued the gunmaker nearly eight years ago for its marketing practices, claiming that Remington "recklessly marketed a military-grade gun to civilians."
- "The plaintiffs in this action hereby give Notice that a settlement agreement has been executed between the parties," according to the court filing.
- A Bushmaster AR-15-style rifle was used in the December 2012 killings of 20 first-graders and six educators in Newtown, Connecticut.
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