Alex Jones agrees to liquidate his assets to pay Sandy Hook families, in move that would end his ownership of Infowars

Cnn ^ | 6th June 2024 | Oliver Darcy

[Cronos]

Alex Jones on Thursday moved to liquidate his personal assets, agreeing to demands from the families of Sandy Hook victims whom he owes more than $1.5 billion in damages over his lies about the 2012 school massacre.

...Prior to Thursday, Jones had resisted converting his personal bankruptcy into a Chapter 7 liquidation. But facing mounting legal pressure, he reversed course and caved to the demands of the Sandy Hook families, who have still not seen a penny from Jones since juries in Connecticut and Texas found him liable in 2022 for defamation and emotional distress. His lawyers said in a filing that there was “no reasonable prospect for a successful reorganization” and that continuing down the path would only result in additional expenses incurred by Jones.

The legal maneuver ultimately “means [Jones’] ownership in Free Speech Systems is going to get sold,” Avi Moshenberg, an attorney who represents some of the Sandy Hook families, told CNN on Thursday night, referencing the parent company of Infowars.

“Converting the case to Chapter 7 will hasten the end of these bankruptcies and facilitate the liquidation of Jones’s assets, which is the same reason we have moved to convert his company’s case to Chapter 7,” Chris Mattei, another attorney representing Sandy Hook families, told CNN.

Jones technically has not controlled the Infowars business for some time, given that Free Speech Systems has also filed for bankruptcy protection. The company’s business has, thus, been under the supervision of a court appointed restructuring officer.

...The liquidation of Jones’ assets does not mean that Infowars will cease to exist. Several outcomes are possible. The court-appointed trustee could sell the business to another owner, for instance.

A representative for Jones did not immediately respond to a request for comment Thursday night.

[wiseprince]

Yea, sounds like the “fine people” spin. The media lies and the courts will get a conviction if they really want to. If the Trump trials have taught us anything it’s that.

[wiseprince]

A national poll should clear that up. Probably 5% of the people in the country believe that and most of them don’t watch Alex Jones. They never seen to have to confirm anything.

[Wallace T.]

Alex Jones would have been foolish if he did anything that even remotely resembled illegal activity. If Jones did so, the Feds would be on him like white on rice. The goal of the proceedings was to bankrupt Jones and Infowars. I would not be surprised if the the Democrats will use the legal system to go after other enemies such as Tucker Carlson, Joe Rogan, Elon Musk, and any others who do not go along with the narrative and stray outside the window of acceptable opinion.

[Jumper]

The NTW, WAPO and many others will suffer this same fait.

[JoSixChip]

Alex Jones is pretty much scum in my book

And you're pretty much scum in my book. Scratch that, you are complete scum in my book.

[38special]

The whole narrative remains fishy

[sauropod]

Exactly.

[JohnnyP]

Did AJ actually deep in his heart believe the parents were crisis actors and the kids were still alive?

If so, I think the punishment is unjust.

[Theophilus]

I find their gun grabbing commercials.on YouTube enraging. They amplify evil.

[Brian Griffin]

“In 1658, Rembrandt declared bankruptcy. He was forced to give up his grand residence (the Rembrandthuis) and his household effects were auctioned off. In order to ward off creditors, Rembrandt’s wife Hendrickje and son Titus legally became his employers. This enabled him to continue his work as a painter. Rembrandt and his family moved into a house on the Rozengracht, near the Westerkerk.”

https://rembrandtsamsterdam.com/en/about-the-story/

[cableguymn]

He’s already up and running on Steven Crowder’s mug club.

I suspect much of the equipment being used to produce the show does not belong to Alex.

[cableguymn]

like Steven Crowder? They could call the network “Mug Club” or something..

https://www.louderwithcrowder.com/joinmugclub

[Jonty30]

I’m a generous employer to.my brother. In turn, he’s very generous to me.

Nothing to see.

[napscoordinator]

Somebody needs to sue them. That’s how it works. That’s how Alex is having to pay. Somebody sued him.

[JoeRender]

Alex Jones got what he deserved. He is a kook with serious mental issues and he slandered people.

Stupidity has its price.

[Karliner]

Bob Dylan Hurricane>

[circlecity]

Tell that to the judge and trustee. Arrangements like that get set aside every day. And the person receiving the conveyance is legally obligated to return it all.

[Nebr FAL owner]

BS Alex Jones went full bore stupid in public by repeatedly claiming that the children killed were government “crisis actors “ & that it was all a big hoax it was the families of the dead that went after Alex Jones in court & won!!😀

[Nebr FAL owner]

Someone falsely claims on nationwide radio show tat you are a diaper diddler! You think the first amendment protects that?! Think hard on that!

[khelus]

thank you