The majority of the families are accusing a set of parents in Texas of attempting a “money grab” that would get them “outsized recoveries.” The trustee has asked the bankruptcy court to intervene.
Infowars host Alex Jones addresses the conservative Turning Point People's Convention earlier this month at Huntington Place in Detroit.A court-appointed bankruptcy trustee for conspiracy theorist Alex Jones has filed an emergency motion asking a court to settle a dispute among Sandy Hook families over what should happen to the company that runs Jones’ Infowars show.The families won nearly $1.
The Texas parents quickly filed papers in state court to collect their damages from FSS, arguing they are well within their rights to try to recover whatever they can. But the trustee in Jones’ personal bankruptcy immediately asked the bankruptcy court to stop them. He says it’s within his purview to control Jones’ ownership stake in FSS and maximize its value to pay the families.
The bulk of the families also want the bankruptcy court to stop the move, noting that the “race to the courthouse risked a ‘winner take all’ outcome.” It would be “the most disastrous end possible,” these families’ lawyers wrote in court papers, if parents “holding less than 5% of the liquidated claims against FSS and Jones would be entitled to recover 100% of the value of FSS, which is Jones’ most valuable asset.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alex Jones trustee files emergency request as Sandy Hook families battle over assetsThe majority of the families are accusing a set of parents in Texas of attempting a “money grab” that would get them “outsized recoveries.” The trustee has asked the bankruptcy court to intervene.
Read more »
Alex Jones' Infowars will be shut down and liquidated to pay Sandy Hook victimsRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Read more »
Alex Jones’ personal assets to be sold to pay $1.5B Sandy Hook debtThe future of his Infowars media platform is uncertain as he owes $1.5 billion for his false claims that the Sandy Hook Elementary School shooting was a hoax.
Read more »
Alex Jones' assets to be sold to pay $1.5 billion Sandy Hook debtIf Free Speech Systems’ bankruptcy reorganization had been converted to a liquidation, Jones could have lost ownership of the company, its social media...
Read more »
Alex Jones could lose his Infowars platform to pay for Sandy Hook conspiracy lawsuitA liquidation would mean Jones' assets would be sold off.
Read more »
Alex Jones ordered to sell off his personal assets to pay Sandy Hook familiesDespite the decision by a federal bankruptcy judge, families are likely to get only a tiny fraction of the nearly $1.5 billion in damages Jones owes them for his lies about the 2012 school shooting.
Read more »