Remington Arms auctioned off in bankruptcy court – WXII12 Winston-Salem

Rockingham County-based gun manufacturer Remington Arms has been auctioned off in bankruptcy court.That's according to a report from Bloomberg. On Tuesday, the company laid off more than 100 people, as its plant in Madison closes.Remington filed for bankruptcy back in July. A court filing in Alabama says seven bidders bought part the company's business.Remington is working to pay off nearly a billion dollars in debt.Families of the Sandy Hook massacre are suing the gun maker over how it marketed the rifle used to kill 20 children and six adults in 2012.Click here for WXII's previous coverage of Remington's legal troubles.

Rockingham County-based gun manufacturer Remington Arms has been auctioned off in bankruptcy court.

That's according to a report from Bloomberg. On Tuesday, the company laid off more than 100 people, as its plant in Madison closes.

Remington filed for bankruptcy back in July. A court filing in Alabama says seven bidders bought part the company's business.

Remington is working to pay off nearly a billion dollars in debt.

Families of the Sandy Hook massacre are suing the gun maker over how it marketed the rifle used to kill 20 children and six adults in 2012.

Click here for WXII's previous coverage of Remington's legal troubles.

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Remington Arms auctioned off in bankruptcy court - WXII12 Winston-Salem