Desperate Move: Alex Jones Agrees To Liquidate Assets Amid $1.5 Billion Sandy Hook Judgment, Is Infowars Going Away?

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In a surprising turn of events, controversial far-right commentator Alex Jones has conceded to the liquidation of his assets to settle the staggering $1.5 billion defamation lawsuit filed by the families of Sandy Hook Elementary School shooting victims.

This decision comes after Jones, notorious for his conspiracy theories, repeatedly defamed the victims' families with false claims, as reported by The Independent.

Jones, 50, has been embroiled in a legal tug-of-war, attempting to evade the billion-dollar penalty imposed by the court for his defamatory remarks. He recently petitioned a judge to convert his bankruptcy into a Chapter 7 liquidation. This move could potentially strip Jones of his control over Infowars, his right-wing website known for disseminating misinformation and conspiracy theories for over two decades.

This development follows a protracted legal battle with the Sandy Hook victims' families, who sued Jones for his baseless allegations that the 2012 shooting, which tragically claimed the lives of 20 children and six teachers, was a staged hoax. Despite the court's order for Jones to pay a total of $1.5 billion, the victims' families have yet to receive any compensation.

Earlier this week, the families filed an emergency motion in a US bankruptcy court in Houston, urging the judge to compel Jones to liquidate his assets. They argued that Jones' company, Free Speech Systems, showed "no prospect" of reorganization and the court "failed to demonstrate any hope of beginning to satisfy" their legal claims.

In a series of "emergency broadcasts" on his web and radio show, Jones claimed the federal government was attempting to shut down his show immediately. He even appealed to his supporters to form a human chain around his studio in Austin, Texas.

The court, however, granted Jones a temporary reprieve, allowing him to continue operating his businesses until June 14 while it deliberates on the liquidation of his assets. Despite this, bankruptcy could still lead to the liquidation of Jones' assets, with Chapter 7 filing potentially being less costly than Chapter 11.

The liquidation does not necessarily spell the end for Infowars. The fate of Jones' business will be determined by a court-appointed trustee, who could opt to sell the business. This case serves as a stark reminder of the potential consequences of spreading misinformation and the importance of upholding the truth in media discourse.