The Connecticut store that sold the gun used at Sandy Hook School filed for bankruptcy . A judge yesterday ruled that a lawsuit filed by some families of those killed on 12-14 will go forward against Riverview Sales, but will be delayed until after the bankruptcy proceedings.
According to court documents, the President of Riverview Sales owes more than $140,000 to creditors, but only has about $825 in assets.
The federal firearms license was pulled from the store in the wake of 12-14 when agent discovered about 300 examples of missing or false information in acquisition and disposition records. There were also at least two instances of people receiving a firearm from the store before getting approval from the national instant criminal background check system.
Riverview kept selling ammunition and accessories, but sales declined quickly.