Judge Reviews Alex Jones' Infowars Sale
Judge Reviews Alex Jones' Infowars Sale

Judge Reviews Alex Jones' Infowars Sale

News summary

A federal bankruptcy judge is set to review the sale of Alex Jones' media company, Infowars, to the satirical publication The Onion following a contested auction. The Onion's bid of $1.75 million was selected over a $3.5 million offer from First United American Companies, an entity linked to Jones' dietary supplements business. Despite offering less cash, The Onion's bid was deemed more beneficial to creditors, as the Sandy Hook families involved agreed to forgo part of their share to enhance other creditors' returns. Jones, who declared bankruptcy after being ordered to pay nearly $1.5 billion for defamation related to his claims about the Sandy Hook shooting, alleges fraud and collusion in the auction process. The judge may hold an evidentiary hearing to determine the fairness of the auction and decide on the future ownership of Infowars. The outcome will affect whether Jones can continue operating from Infowars' studio or if he will establish new platforms independently.

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15 min ago
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