Remington Arms hearing postponed

Remington Arms hearing postponed

Remington outdoor company's bankruptcy proceedings and auction continue.

There was a sale hearing scheduled for tomorrow, but that was changed, through an emergency status call today.

Newschannel 2's joleen ferris was on that phone call, along with the company, the union, the debtors, and other interested parties around the country.

Stand up intro 10:58 "remington outdoor company andsn their bankruptcy held an emergency conference this afternoon" ((((vo((() as remington workers continue to walk into the plant and do their jobs everyday, not knowing how long they'll have those jobs, lawyers from around the country held an emergency status conference call this afternoon, making decisions that will, one day, decide their fate.

The purposeoa sale hearing scheduled for tomorrow.

There were reps for remington's debtors, for sandy hook families, remington's pension fund, the union and several others on the call today.

Amidst the legal jargon potential new hearing dates being tossed about, we got a glimpse into how the auction is going.

3:30 "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 a consultation parties and anticipate another round of those discussions this afternoon" stand up out 13:16 "remington's bankruptcy sale hearing was postponed until one week from today-the 29th.

They're setting aside several days for it, in case they need it.

We have been reaching out to the union the past several days about this, to see what, if anything, they're hearing from the company.

They haven't gotten back to us.

Back to you" focus: economy.

New unemployment numbers have been released...