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The bankruptcy filing allows Remington to stay in business while restructuring its massive debt. The company has been planning to reduce its debt by 0 million through the Chapter 11 process and contribute 5 million to its subsidiaries.Remington plans to keep on making guns. The company said, when it first announced its plan to file for bankruptcy in February, that operations "will not be disrupted by the restructuring process."Founded in 1816, Remington is one of the oldest and best-known gun makers in the world. It's owned by Cerberus Capital Management, which plans to shed ownership once the bankruptcy is complete.Remington is headquartered in North Carolina. It makes a variety of handguns, shotguns and rifles at its sprawling 19th-century factory in Ilion, N.Y.Its products include the Bushmaster AR-15-style rifle that was used in the 2012 mass shooting in Newtown, Connecticut. The company has been sued by family members of the Sandy Hook victims.An attorney from the law firm representing those family members said it does not expect the bankruptcy filing to affect its clients' case "in any material way."The company also settled a class action lawsuit a few years ago regarding allegations of defective rifles.The gun industry as a whole has suffered plunging sales and profits under the Trump administration, because consumers are no longer driven by fears of more restrictive gun control with a Republican in the White House who's been endorsed by the National Rifle AssociationAmerican Outdoor Brands, which owns the brand Smith & Wesson, reported dismal earnings earlier this month as did Sturm Ruger in February, and they've laid off hundreds of workers. 1702
Students in at the Arizona College Prepatory Academy will walk out of class Wednesday to show their support for the Second Amendment.The event is called Stand for the Second and is happening in at least 39 other states across the U.S.The walkout comes after students around the country staged a walkout aimed at stopping gun violence and honoring the students killed at Marjory Stoneman Douglas High School in Parkland, Florida. In February, protesters nationwide left their classrooms and remained outside for 17 minutes to honor the 17 people gunned down.Will Riley, an 18 year old from New Mexico, started this event to support the lives saved by firearms.“Every year an estimated 1.5 million Americans use a firearm to defend themselves,” Riley said. “During a 16-minute walkout, that breaks down to 91 American lives saved during the walkout. We want Americans to know that firearms are overwhelmingly used for good in our country.”The participating students here in Tucson plan to walk out at 10 a.m. 1044
The American Red Cross is now checking all blood donations for coronavirus antibodies, instead of just searching for recovered patients. The organization is calling it a “game changer.”“We can then not only inform that donor of the testing results that we've identified COVID-19 antibodies in their blood, but also use that product as convalescent plasma to help patients who are ill with COVID-19 in the hospital,” said Dr. Pampee Young, Chief Medical Officer at the American Red Cross.Early results from the National Institutes for Health show the plasma can make a big difference for severely sick COVID-19 patients. And data from these new tests will help those researchers working to better understand the virus.The Red Cross says the need for whole blood donors is constant, but plasma is more unpredictable.Over the summer, plasma supplies ran low after unprecedented infections and demand in some states.Now, they're asking more donors to step up to restock for another potential surge in the fall and winter.“Because we can’t predict the demand, we want to ensure that we have enough inventory, because what really saves lives are the units that are on the shelf, not something that we need to collect once we realize there’s a need,” said Young.The Red Cross has taken additional safety steps during the pandemic. That includes making an appointment.You can sign up online at RedCrossBlood.org or by using the blood donor app. 1444
Subpoenas have been served on the Trump Organization and a dozen linked entities in a lawsuit challenging President Donald Trump's ongoing business ties while in office.The office of District of Columbia Attorney General Karl Racine said Wednesday that it "can confirm that all of the Trump Organization entities have been served." Additionally, subpoenas are being served to the state of Maine, the attorney general's office said.The lawsuit by DC and Maryland claims Trump is in violation of the Constitution's ban on emoluments, or payments, from foreign or domestic government entities to the President because of his continued interest in the Trump International Hotel.DC and Maryland have said the Trump International Hotel's operations put other nearby hotels and entertainment properties at a competitive disadvantage, and that the Trump hotel got special tax concessions. The hotel won its lease on federally owned property before Trump's election.A federal judge set in motion the schedule for DC and Maryland attorneys general to begin collecting evidence in the case. The plaintiffs say they also plan to subpoena 18 entities that compete with the Trump Hotel.The Justice Department has signaled it may challenge the evidence-gathering process.The case is proceeding just as the Trump Organization prepares for a flurry of investigations from House Democrats once they take control of Congress in January.The Trump Organization has not responded to requests for comment on the case. 1532
TEMECULA, Calif. (KGTV) -- Monday, new details emerged about a fight on the field. The student at the center of it all is from Chula Vista. Cell phone video shows people pushing and shoving each other on the field. The violent scene unfolding in the middle of a soccer tournament in Temecula. A stampede of hundreds of parents and children running from what they thought was an active shooter. Erik Saur shared video in the moments before he grabbed his 9-year-old daughter. RELATED: Temecula police investigating reports of man brandishing a gun during youth soccer tournament“I felt like a tidal wave. You can hear them say shooting process. You don’t process gotta get out of there," Saur said. The incident happened Sunday at Galway Downs. A video captured the moment the chaos started. 10-year-old boys started fighting when spectators swarmed the field. One of the boys that was hurt was from the Albion Team in Chula Vista. In the midst of the chaos, a man who had a camouflage duffel bag caused hysteria. “He rushes to the sideline and he pulls out the backpack and someone is telling him ‘don’t do it’ they said must have a weapon.”The man was detained by deputies for a short time. Investigators say there was no weapon, but the fear was real. The father of the child injured says his son will be okay. Coaches and parents plan to meet later this evening to discuss safety measures moving forward. Albion issued a statement Tuesday, saying in part they are working closely with the California State Soccer Association and U.S. Soccer to create higher standards and stricter consequence for sideline issues:"As a youth soccer community, we want to check in with all our families after the situation we encountered during the tournament this past weekend. We also want to commend our families for their commitment to excellence as a sideline maintaining sportsmanship and class always. For years, we have witnessed youth sports becoming too emotional on the sidelines, and we have worked to educate our families and bring forth guidelines to ensure: safety, respect, sportsmanship, and class. Unfortunately, this is not the case with every team or club we play against.We will continue to guide our staff and families to always be in control and work toward being the leaders in the industry.After this weekend we are committed to not only holding us to be the best in practice, but are working closely with Cal South and US Soccer to create higher standards and push for stricter consequences for sidelines and issues that cross the line.We appreciate everyone’s support and recognition of the situation; and hope that as a community, as Albion SC, we use this as an opportunity to help improve and change the landscape and support and remind everyone that this is just a game. It is a game meant for the players and a place we want our players to always feel safe to play this beautiful sport." 2912