Gun Maker Remington Files For Bankruptcy Protection

NEW YORK (CBSNEWS.COM) – Gun maker Remington Outdoor Co. filed for Chapter 11 bankruptcy Sunday. The filing was posted on the website of the United States Bankruptcy Court in Delaware, and was first reported by The Wall Street Journal.
Remington, among the nation’s oldest gun manufacturers, said last month it had reached a deal with lenders that would grant them ownership of the 200-year-old company. Remington would continue operating and making guns while in bankruptcy.
The Journal