(CNN) The families of five children and four adults killed in the 2012 Sandy Hook Elementary School shooting have reached a $73 million settlement with the now-bankrupt gun manufacturer Remington and its four insurers, the plaintiffs' attorneys said Tuesday.
The settlement comes more than seven years after the families filed a wrongful-death lawsuit against Remington, the manufacturer of the Bushmaster AR-15-style rifle used in the massacre that left 20 children and six adults dead in Newtown, Connecticut.
The families have also "obtained and can make public thousands of pages of internal company documents that prove Remington's wrongdoing and carry important lessons for helping to prevent future mass shootings," the plaintiffs' attorneys said in a news release.
"These nine families have shared a single goal from the very beginning: to do whatever they could to help prevent the next Sandy Hook. It is hard to imagine an outcome that better accomplishes that goal," plaintiffs' attorney Josh Koskoff said.
"This victory should serve as a wake-up call not only to the gun industry, but also the insurance and banking companies that prop it up," Koskoff said.
The families sued Remington in 2014, alleging it should be held partially responsible for the shooting because of its marketing strategy. A 2005 federal law protects many gun manufacturers from wrongful death lawsuits brought by family members -- but the marketing argument was a new approach.
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