The families of Sandy Hook school shooting victims voted overwhelmingly in favor of a plan to wrap up Alex Jones’ bankruptcy proceedings by liquidating the right wing talk show host’s assets.

The families of Sandy Hook school shooting victims voted overwhelmingly in favor of a plan to wrap up Alex Jones’ bankruptcy proceedings by liquidating the right wing talk show host’s assets.

  • athos77@kbin.social
    1222·
    9 months ago

    Sandy Hook families holding about $1.5 billion in defamation judgments […] a competing plan submitted by Jones that would allow him to reorganize by preserving parts of his media empire and paying the group at least $5.5 million a year over 10 years

    Literally pennies on the dollar.

    His house in Austin, that he bought for a couple million dollars, he sold to his wife in 2022 for the grand total of ten dollars. They’re going to claw that back from him for trying to hide it. And then they’re going to force him to sell it because Texas bankruptcy law only keeps your house in a city or town safe from bankruptcy seizure if it’s one acre or less. And the lot his house is on is 1.089 acres - such a shame!

    • CileTheSane
      411·
      9 months ago

      Sandy Hook families holding about $1.5 billion in defamation judgments […] a competing plan submitted by Jones that would allow him to reorganize by preserving parts of his media empire and paying the group at least $5.5 million a year over 10 years

      What’s the difference between 1.5 billion and 5.5 million? About 1.5 billion.

    • TurtleJoe@lemmy.world
      362·
      9 months ago

      Sandy Hook families holding about $1.5 billion in defamation judgments […] a competing plan submitted by Jones that would allow him to reorganize by preserving parts of his media empire and paying the group at least $5.5 million a year over 10 years

      Why did you omit the part where they didn’t accept that plan? Those ellipses did some heavy lifting.

      • nxdefiant@startrek.website
        16·
        9 months ago

        It really is the best part, because he’s trying to weasel out of it saying “if you want money I’ve got to keep the machine running to make more” but the families holding him accountable are setting his everything on fire telling him it was never about the money, and that’s awesome. He was hoping greed would save his ass but here he is in the hands of people who want real justice - the dismantling of the very machine he used to do harm.

        • butterflyattack@lemmy.world
          1·
          9 months ago

          I wonder if his assets include infowars? Would be another nail in coffin of his hopes if the families gave it to the knowledge fight guys. Funny as fuck, too.

        • Buddahriffic@lemmy.world
          1·
          9 months ago

          Assuming no one else comes in and finances a new platform for him. I’d be surprised if it doesn’t happen.

    • nothing@lemm.ee
      29·
      9 months ago

      Also there may be state specific differences, but the transfer of his assets to his wife only is called a “fraudulent conveyance” and is still able to be obtained to the debtors. Also it was a dick move and requires more lawyers.