Experiments with Truth: News

De Blasio and Newtown families call to end of gun investment

Families of Sandy Hook victims, U.S. Rep. Charles Rangel (D-NY-13), Geoffrey Eaton, NAACP Mid-Manhattan President, and a diverse coalition of gun violence prevention advocates will hold a press conference and action at 12pm today, September 24th, at the offices of Cerberus Capital Management (875 3rd Avenue, New York) to call on the hedge fund to immediately sell all investments in Freedom Group, the company that manufactured the XM-15 assault rifle used in the December 14, 2012 massacre at Sandy Hook Elementary School.

Cerberus has not sold a single penny of its 94 percent stake in Freedom Group (now officially called Remington Outdoor Company Inc.), despite making a public commitment to divest in the days immediately following the shooting. Immediately following this afternoon’s press conference, Rangel, Eaton, and more than 35 advocacy groups will deliver a letter telling Cerberus CEO Stephen Feinberg to keep his promise without further delay.

“Cerberus already made a commitment to stop profiting from America’s gun violence epidemic,” says NYC Public Advocate Bill de Blasio. “What they haven’t done is followed through. Cerberus needs to honor its promise to the victims of Sandy Hook and to all Americans whose lives have been turned upside down by gun violence by ending its investment in this destructive industry.”

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