Alex Jones is now compelled to utilize his Infowars assets to settle over $1 billion in liabilities owed to the families of the Sandy Hook victims, as decreed by a court.
A court-appointed receiver will oversee the liquidation of these assets to compensate the families, as detailed in a court order issued by Judge Maya Guerra Gamble in Austin on Wednesday.
According to The Post Millennial, Infowars, operating under Free Speech Systems LLC, sought bankruptcy protection in 2022 after being mandated to pay nearly $1.5 billion to the families of the 2012 Sandy Hook Elementary School shooting victims.
The families had successfully sued Jones for defamation following his baseless assertion that the tragic event, which claimed 26 lives, was a fabrication. Jones later retracted his statements and offered an apology.
The judge's order may result in the imminent closure of Jones' studio, with Infowars slated for sale. This decision has seemingly rekindled interest from The Onion, which had previously expressed a desire to acquire Infowars and transform it into a satirical platform, as reported by the New York Post. Ben Collins, The Onion's chief executive, confirmed their ongoing interest, stating, Were working on it, via social media on Wednesday.
Despite the ruling, Jones remains defiant, asserting, People want to hear this show. I will continue on with the network. They can harass me forever. And they wont get me off the air, during a Thursday broadcast.
Meanwhile, a legal representative for some Sandy Hook families remarked, Todays order brings us a critically important step closer to achieving the goal that the Connecticut families have spent years fighting for: holding Alex Jones accountable for years of harm."
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