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Chapter 11 bankruptcy procedures put a hold on all civil
litigation matters and allow companies to prepare turnaround
plans while remaining operational.
Alex Jones, founder of InfoWars, was found liable for damages in
a trio of lawsuits last year filed after he falsely claimed that
the 2012 Sandy Hook school massacre was a hoax.
Jones claimed the shooting, in which 20 children and six school
employees were shot dead at the school in Newtown, Connecticut,
was fabricated by gun-control advocates and mainstream media.
Sandy Hook families in late March rejected Jones' offer to
settle their defamation lawsuit and reopened the case. Jones had
offered to pay $120,000 to each of the 13 plaintiffs to settle
the case.
Each of the plaintiffs turned down the settlement offer in court
documents, saying, "The so-called offer is a transparent and
desperate attempt by Alex Jones to escape a public reckoning
under oath with his deceitful, profit-driven campaign against
the plaintiffs and the memory of their loved ones lost at Sandy
Hook."
According to Sunday's court filings, InfoWars listed its
estimated assets in the range of $0-$50,000 and estimated
liabilities in the range of $1 million to $10 million.
Jones, a vocal supporter of former U.S. President Donald Trump,
was previously subpoenaed by the House of Representatives
committee probing the January 2021 attack on the U.S. Capitol by
Trump supporters.
(Reporting by Rachna Dhanrajani, Akriti Sharma in Bengaluru and
Kanishka Singh in Washington; Editing by Kirsten Donovan and
Hugh Lawson)
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