Alex Jones Agrees to Liquidate Assets, Including Infowars Stake, to Pay $1.5 Billion in Sandy Hook Damages

Austin, Texas United States of America
Infowars had filed for bankruptcy protection earlier this year. A hearing is scheduled next week to determine the fate of its bankruptcy case.
Jones had previously resisted converting his personal bankruptcy into a Chapter 7 liquidation, but facing mounting legal pressure and with no reasonable prospect for reorganization, he caved to the demands of Sandy Hook families.
Jones has been ordered by courts in Connecticut and Texas to pay damages for defamation and emotional distress towards Sandy Hook families.
Right-wing conspiracy theorist Alex Jones has agreed to liquidate his personal assets, including his stake in Infowars, to pay over $1.5 billion in damages to families of victims of the Sandy Hook Elementary School shooting.
The legal move comes after years of defamation lawsuits against Jones for spreading false claims about the 2012 massacre being a hoax.
Alex Jones Agrees to Liquidate Assets, Including Infowars Stake, to Pay $1.5 Billion in Sandy Hook Damages

Right-wing conspiracy theorist Alex Jones has agreed to liquidate his personal assets, including his stake in Infowars, to pay over $1.5 billion in damages to families of victims of the Sandy Hook Elementary School shooting. The legal move comes after years of defamation lawsuits against Jones for spreading false claims about the 2012 massacre being a hoax.

Jones had previously resisted converting his personal bankruptcy into a Chapter 7 liquidation, but facing mounting legal pressure and with no reasonable prospect for reorganization, he caved to the demands of Sandy Hook families. The move paves the way for Jones' ownership in Free Speech Systems, Infowars' parent company, to be sold.

Infowars had filed for bankruptcy protection earlier this year. A hearing is scheduled next week to determine the fate of its bankruptcy case.

Jones has been ordered by courts in Connecticut and Texas to pay damages for defamation and emotional distress towards Sandy Hook families. The legal maneuver sets the stage for a court-appointed trustee to liquidate Jones' personal assets, which includes his stake in Infowars.

The liquidation of Jones' assets does not mean that Infowars will cease to exist. Several outcomes are possible, including the sale of the business to another owner or its continuation under new management.

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

The Sandy Hook families have yet to receive any compensation from Jones despite winning their lawsuits against him in 2022.


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Confidence

90%

Doubts
  • Are there any non-public information or sources that could affect the accuracy of this article?

Sources

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

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

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Oliver Darcy Friday, 07 June 2024 01:46
  • Unique Points
    • Alex Jones agreed to liquidate his personal assets on Thursday, 2023.
    • Jones owes over $1.5 billion in damages to Sandy Hook victims’ families for defamation and emotional distress.
    • The legal move paves the way for a future where Jones no longer owns Infowars.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    No fallacies found in the author's statements. However, there are inflammatory rhetoric and examples of dichotomous depictions present in the article.
    • . . . poison the public discourse with vile lies and conspiracy theories, . . .
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

82%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Alex Jones to Liquidate Assets in Sandy Hook Settlement

New York Magazine Matt Stieb Friday, 07 June 2024 16:09
  • Unique Points
    • Alex Jones filed for Chapter 7 bankruptcy to liquidate his assets
    • Jones will sell his ownership stake in the parent company behind Infowars
    • Sandy Hook families asked for change from Chapter 11 to Chapter 7 bankruptcy
    • Jones owes close to $1.5 billion in damages for defamation and emotional distress towards Sandy Hook families
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (10%)
    The author uses emotional manipulation by expressing sympathy for Alex Jones and his situation while also acknowledging the harm he has caused to the Sandy Hook families. The author also engages in sensationalism by using strong language such as 'major win' and 'screwed' to describe the situation.
    • It's sick, it's sick. I want to leave, because it’s going to be over, folks.
    • Alex Jones Is Finally Screwed
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

69%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Alex Jones to Sell InfoWars to Pay $1.5 Billion Debt to Sandy Hook Families

The Daily Beast Full Legal Name: IACI (NASDAQ: IACI) About Us URL:➆https://www.thedailybeast.com/company/about-us➉ Amanda Yen Friday, 07 June 2024 15:26
  • Unique Points
    • Alex Jones has moved to liquidate his personal assets to pay the $1.5 billion he owes the families of Sandy Hook massacre victims.
    • Jones asked a judge to convert his bankruptcy to a Chapter 7 liquidation, relinquishing his effort to save InfoWars.
    • The Sandy Hook families asked the Texas judge overseeing Jones’ bankruptcy case to liquidate his assets, including InfoWars and Free Speech Systems.
    • Jones was ordered to pay $1.5 billion to the families of Sandy Hook victims in 2022 by courts in Texas and Connecticut.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (50%)
    The article contains emotional manipulation and selective reporting. It only reports details that support the author's position, which is that Alex Jones has been ordered to pay a large sum of money to Sandy Hook families due to his spreading of conspiracy theories about the event being a hoax. The article does not disclose any sources nor does it include quotes from anyone other than the author.
    • The far-right conspiracy theorist used InfoWars to push the false claim that the Sandy Hook massacre was a hoax.
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (0%)
    The author uses derogatory language to describe Alex Jones as a 'conspiracy theorist' and 'far-right'. She also implies that Jones' beliefs are baseless and harmful. These statements demonstrate a bias against Alex Jones and his views.
    • Jones asked a judge to convert his bankruptcy to a Chapter 7 liquidation, relinquishing his desperate effort to save InfoWars, the conspiracy platform from which he regularly spewed baseless claims.
      • > The far-right conspiracy theorist
      • Site Conflicts Of Interest (100%)
        None Found At Time Of Publication
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      96%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      Alex Jones Just Cost Himself Everything

      The New Republic Edith Olmsted Friday, 07 June 2024 00:00
      • Unique Points
        • Alex Jones has officially moved to liquidate all of his assets to pay the $1.5 billion he owes to the families of children murdered at Sandy Hook Elementary.
        • Jones was found guilty of defamation in 2022 and filed for bankruptcy under Chapter 11, which allowed him to maintain operations of his businesses and rely on reorganization to come up with the funds.
        • This latest decision lays the groundwork for Alex Jones to lose his stake in InfoWars.
        • Jones's lawyers wrote that there was 'no reasonable prospect for a successful reorganization', and filing for liquidation under Chapter 7 was the only option.
        • A judge allowed Jones to continue running his media company Free Speech Systems until June 14.
        • Free Speech Systems had nearly $4 million in cash on hand at the end of April.
      • Accuracy
        No Contradictions at Time Of Publication
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (85%)
        The article contains an example of a slippery slope fallacy and inflammatory rhetoric. The author suggests that Jones' actions are part of a larger conspiracy to 'fuck us over', implying that any action taken against him is part of a broader attack on free speech or fair treatment.
        • All we're trying to do is save America, and they're fucking us over, over and over again.
        • And it's just so sick—it's sick, it's sick. I want to leave—because it's going to be over, folks.
      • Bias (100%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (100%)
        None Found At Time Of Publication
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      98%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      Alex Jones seeks permission to convert his personal bankruptcy into a liquidation

      ABC NEWS SITE NAMES Name: ABC News Site Names URL: https://abcnews.go.com/Politics/us-officially-blames-iran_106834435 ABC News Friday, 07 June 2024 18:44
      • Unique Points
        • Alex Jones is seeking court permission to convert his personal bankruptcy to a liquidation.
        • Jones personally has about $9 million in assets including his home and other real estate.
        • Infowars’ parent company, Free Speech Systems, had nearly $4 million in cash on-hand at the end of April and made nearly $3.2 million in April.
      • Accuracy
        • Alex Jones agreed to liquidate his personal assets on Thursday, 2023.
        • Alex Jones filed for Chapter 7 bankruptcy to liquidate his assets
        • Jones will sell his ownership stake in the parent company behind Infowars
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (100%)
        None Found At Time Of Publication
      • Bias (100%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (100%)
        None Found At Time Of Publication
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication