Wanna buy a gun (Company)?

The N.Y. Times reports Remington has filed for bankruptcy in North Alabama for the second time.

Remington already lost $3-Million the state paid them to locate a plant in North Alabama. 

"The Remington Arms Company, one of America’s oldest and largest gun manufacturers, filed for bankruptcy protection on Monday after years of litigation and a loss of investors took a heavy toll on its finances.

The Chapter 11 filing in the U.S. Bankruptcy Court in Decatur, Ala., is the company’s second restructuring in two years. Remington has been in search of potential buyers and had been in talks with Navajo Nation to acquire it out of bankruptcy, but the negotiations collapsed in recent weeks, leaving the company without a bidder as it goes through reorganization." (N.Y. Times 7-28-2020)