Cerberus is getting closer to letting investors out of Freedom Group, but it still hasn't happened.
FORTUNE -- It has been more than 15 months since private equity firm Cerberus Capital Management pledged to sell Freedom Group, maker of the Bushmaster rifle that was used in the Sandy Hook Elementary School massacre.
The promise came after pressure from the California State Teachers' Retirement System (CalSTRS), a public schoolteachers pension fund that was invested with the relevant Cerberus fund.
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