remington sale hearing done

remington sale hearing done

Is complete.

After roughly five hours of legal wrangling, a federal judge is prepared to rule, dealing the fate of the company, including the ilion plant....in the next 24 hours.

Newschannel 2's joleen ferris has your top story from ilion.

((((stand up((() a federal bankruptcy judge in alabama says he's ready to approve the four successful bidders, and five backup biders, and draw up and execute the orders, tomorrow.

((((vo((() .

None .

None the roundhill group, a property investment firm, is buying non-marlin line remington arms assets, including the ilion plant.

During today's bankruptcy sale hearing, it was indicated that they plan to employ people at the ilion plant and are making commitements to invest in the faclity as part of a going concern.

That's a fancy legal term for a company that has the resources needed to continue to operate indefinitely.

If a business is not a going concern, that means it's gone bankrupt and its assets were liquidated.

We said 'non marlin' line.

According to herkimer county ida officials, the marline line employs 200-250 people.

So it would appear those jowoulg r official wo.

((((on m(((() zens of attorneand others from aund the countryn thisall today.

E judge isgivings til noon tomorrow to raise any concerns.

If warranted, hewill h he plans to issu approvingthe so you > it's a big night for