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Enterprise Information Roundup, March 27


Remington recordsdata

for chapter

Remington, a gun maker that started turning out flintlock rifles when there have been solely 19 states within the Union, has filed for chapter reorganization amid years of slumping gross sales and authorized and monetary stress over the Sandy Hook college bloodbath.

In papers filed Sunday in federal chapter court docket in Delaware, Remington outlined a plan to show over management to its collectors and proceed working with as much as $100 million from lenders. It stays unclear what is going to occur to its three,500 or so staff because it tries to place its funds so as.

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