Shooting at the Sandy Hook Elementary School, Heart and Cross Memorial near the Sandy Hook Fire Station on Riverside Road in Sandy Hook, CT.
Enid Alvarez | NY Daily News | Getty Images
The families of some of the adults and children killed in the 2012 mass shooting at Sandy Hook Elementary School on Tuesday reached a $73 million settlement with Remington, the maker of the AR-15 rifle used in the massacre.
On December 14, 2012, 20-year-old Adam Lanza broke into Newtown, Connecticut, elementary school and, wielding a Remington Bushmaster semi-automatic rifle, killed 20 students and six adults in less than five minutes.
Nine families of victims filed a lawsuit in 2014, alleging that Remington bore some responsibility for the massacre through its marketing of the weapons. Remington had offered to settle for nearly $33 million last summer.
An attorney for the defendants did not immediately respond to CNBC’s request for comment on Tuesday’s settlement.
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