Remington auction progresses; sale hearing postponed

Attorneys for Remington Outdoor Company, the United Mine Workers of America union, Sandy Hook families, and other interested parties, held an emergency status call Tuesday with Northern District of Alabama Bankruptcy Judge, the Hon. Clifton Jessup, in order to reschedule a sale hearing scheduled for September 23rd, in an effort to avoid conflict with Remington Outdoor Company's auction, which has not yet concluded.

Posted: Sep 22, 2020 5:31 PM
Updated: Sep 22, 2020 6:08 PM

ILION, N.Y. -- Attorneys for Remington Outdoor Company, the United Mine Workers of America union, Sandy Hook families, and other interested parties, held an emergency status call Tuesday with Northern District of Alabama Bankruptcy Judge, the Hon. Clifton Jessup, in order to reschedule a sale hearing scheduled for Sept. 23, in an effort to avoid conflict with Remington Outdoor Company's auction, which has not yet concluded.

An attorney for the debtors offered a glimpse into how the auction is going.

"This morning, included, was a productive morning, both in terms of price and bid terms, and we're advised more bids will be coming in this afternoon. We are waiting for those. We have been having preliminary conversations with consultation parties and anticipate another round of those discussions this afternoon," said Steve Warren, of the O'Melveny & Meyers Firm, which represents the debtors.

The sale hearing date was postponed from Sept. 23 to Sept. 29. The judge also set aside time on Sept. 30, Oct. 1 and Oct. 2, in case more time is needed.

The president of the local chapter of the United Mine Workers of America, which represents Remingon Arms workers in Ilion, has not returned several calls or messages.

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