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In reply to the discussion: Parents of Sandy Hook victims planning lawsuit against gunmaker Bushmaster [View all]Jefferson23
(30,099 posts)2012
snip* "It is not our role to take positions, or attempt to shape or influence the gun control policy debate. That is the job of our federal and state legislators," Cerberus said today. "There are, however, actions that we as a firm can take. Accordingly, we have determined to immediately engage in a formal process to sell our investment in Freedom Group... Our thoughts and prayers are with the families and communities impacted by this tragic event."
Bushmaster has not responded to an emailed request for comment from ABC News and has not addressed the deadly incident on its website as of this report.
Cerberus' move comes as investigators said they will be going back to the beginning -- back to the day Adam Lanza was born and the day the Bushmaster was manufactured -- in an attempt to figure out what may have caused the troubled young man to so easily get his hands on such a deadly weapon.
Officials said the rifle was purchased legally by Lanza's mother, Nancy, in 2010, well after family friends said Lanza's behavioral issues were clear. The same year Bushmaster ran an advertising campaign extolling its customers to buy their assault-style weapons to prove they're a "Man's Man" in a "world of depleting testosterone."
http://abcnews.go.com/Blotter/newtown-shooting-investment-firm-drops-stake-bushmaster-owner/story?id=18004042