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Infowars’ parent company files for bankruptcy
The Guardian ^ | July 30 | Edward Helmore

Posted on 07/30/2022 12:40:09 PM PDT by RandFan

Alex Jones’ media company Free Speech Systems, which operates the rightwing conspiratorial outlet Infowars, has filed for bankruptcy in the latest in a string of financial maneuvers by the prominent rightwing conspiracy theorist.

The move came at the end of the first week of testimony at a trial in Texas set to determine how much he will have to pay the families of two Sandy Hook elementary school mass shooting victims who sued for defamation and won a default $150m judgment against him.

Jones’ attorney Andino Reynal said the bankruptcy protection filing should not disrupt the trial. The company, he said, wants “to put this part of the odyssey behind us so that we have some numbers” set for damages.

Placing Free Speech Systems under bankruptcy protection comes after Jones was found legally responsible in a separate defamation case in Connecticut, where a group of families sued him over false claims relating to the shooting that claimed the lives of 20 children and six adults.

Already, three smaller companies tied to Jones have already declared bankruptcy. After plaintiffs involved in the Texas and Connecticut lawsuits dropped their claims against them, they exited bankruptcy protection.

On Friday, after the bankruptcy filing was made public, an attorney for the families in the Connecticut case against Jones issued a statement. “Mr Jones has once again fled like a coward to bankruptcy court in a transparent attempt to delay facing the families that he has spent years hurting,” Christopher Mattei said.

(Excerpt) Read more at theguardian.com ...


TOPICS: Miscellaneous; News/Current Events; US: Texas
KEYWORDS: bidenvoters; good; infotards; paultard; paultardation; randpaulsucks; ronpaulsucks
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1 posted on 07/30/2022 12:40:09 PM PDT by RandFan
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To: RandFan

Couldn’t happen to a nicer guy.


2 posted on 07/30/2022 12:42:55 PM PDT by Vermont Lt
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To: RandFan

Was it he himself that is responsible to paying the damages or just his company?

If it’s his company, he can have it off the ground again tomorrow under a new name.


3 posted on 07/30/2022 12:44:37 PM PDT by Jonty30 (Some men want to watch the world burn. It is they that want you to buy an electric car.)
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To: Jonty30

I’m no expert on the law but I think you’re right. He is re-structuring...


4 posted on 07/30/2022 12:47:01 PM PDT by RandFan (For some reason I'm interested in politics, particularly the U.S. Senate)
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To: RandFan
Whoops...


5 posted on 07/30/2022 12:47:30 PM PDT by moovova
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To: RandFan

Just like the election steal lawsuits. Wasn’t given a trial. I judge just ruled summarily. They turned over 100% of their financial records.
But the judge insists that there MUST be a record of how much revenue each topic generates, but there isn’t.
Also kind of funny how nobody can seem to produce a video of him saying it didn’t happen.
They simply reported on a story published in zero hedge that noted some strange things about the story. And it was really weird watching that dad laugh as he stepped up to the podium.

This is all fun for the people that resent Jones. But rest assured, all other discussion of future events will result in malicious prosecution too.


6 posted on 07/30/2022 12:48:35 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: Vermont Lt

You don’t like someone who questions globalism and the fact that the pandemic was a scamdemic, shame on you!


7 posted on 07/30/2022 12:49:01 PM PDT by DMD13
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To: RandFan

Right wing conspiratorial news? How bout the Truth?


8 posted on 07/30/2022 12:49:30 PM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: RandFan
which operates the rightwing conspiratorial outlet Infowars, has filed for bankruptcy in the latest in a string of financial maneuvers by the prominent rightwing conspiracy theorist.

Are they trying to make a point there?

9 posted on 07/30/2022 12:49:42 PM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: Vermont Lt

Alex Jones has been more right than these commie bastards dishing out the slop for their useful/useless idiots.


10 posted on 07/30/2022 12:51:26 PM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: RandFan

They have almost no advertising. Most of their revenue comes from their online store. So if I bought a water filter, some vitamins and a hat, how would anyone know what segment of the show inspired me to do so?
This isn’t like Fox or CNN where at least you could try to attribute a commercial advertiser with a particular segment.


11 posted on 07/30/2022 12:51:35 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: DMD13

I don’t like loudmouth cults that berate anyone who doesn’t believe them.


12 posted on 07/30/2022 12:51:51 PM PDT by Vermont Lt
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To: All

Male vitality pill sales have gone limp.


13 posted on 07/30/2022 12:52:24 PM PDT by thegagline (Sic semper tyrannis )
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To: DesertRhino

Yes. So what AJ is doing now is re-structuring to protect himself legally from these judgements.

It is probably costing him a hell of a lot in lawyers and legal fees to do this

But the alternative is to be taken down. I dont think he is going to allow that to happen...

Again, I’m not an expert on the law.


14 posted on 07/30/2022 12:52:44 PM PDT by RandFan (For some reason I'm interested in politics, particularly the U.S. Senate)
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To: HighSierra5

Alex Jones is a loudmouth fool, who has fooled other loudmouths for decades.


15 posted on 07/30/2022 12:54:09 PM PDT by Vermont Lt
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To: Vermont Lt

But there is nothing wrong with being a loudmouth fool. He would argue he is protected under the Constitution.


16 posted on 07/30/2022 12:57:06 PM PDT by RandFan (For some reason I'm interested in politics, particularly the U.S. Senate)
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To: HighSierra5

His accuracy level -far- exceeds even Fox and the rest of the MSM. And even more cool, when wrong he comes back and says what he found out he was wrong about.

But authoritarian Big-Tech, WEF, America does not allow questions.

It’s all fun to go after Alex, but this would be no different than those women caught pulling ballots from under the table, suing the people who made the claim they were engaged in fraud.


17 posted on 07/30/2022 12:57:50 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: RandFan

I agree. Glad he is protecting the franchise.


18 posted on 07/30/2022 12:58:42 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: Vermont Lt

“Alex Jones is a loudmouth fool, who has fooled other loudmouths for decades”

By chance do you have a mirror?


19 posted on 07/30/2022 12:59:45 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: DesertRhino

I have a wonderful mirror.

And loudmouth is not a word ever used to describe me.

I am sorry your world is driven by folks who feel they have to shout to make their silly ideas seem true.


20 posted on 07/30/2022 1:05:30 PM PDT by Vermont Lt
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