Judge to Review Onion's Infowars Purchase Bid
Judge to Review Onion's Infowars Purchase Bid

Judge to Review Onion's Infowars Purchase Bid

News summary

Alex Jones is attempting to block The Onion from acquiring his company Infowars through a bankruptcy auction, claiming that the auction process was rigged. First United American Companies, affiliated with Jones, alleges fraud and collusion, arguing that the bankruptcy trustee improperly favored The Onion's bid, which was significantly lower than their own $3.5 million offer. The Onion's winning bid was reportedly valued at $7 million, including future revenue agreements with Sandy Hook families, who are owed restitution from Jones' defamation lawsuits. The bankruptcy trustee dismissed the allegations as baseless and stated that the auction was conducted fairly. The judge overseeing the case expressed concerns about the auction's transparency, hinting at a potential review. The outcome of this legal challenge could have significant implications for Jones and the future of Infowars.

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7
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6
Center
1
Right
0
Unrated
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Last Updated
56 days ago
Bias Distribution
86% Left
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