Info Wars show host, Alex Jones, is likely positioning himself to settle a current litigation, by filing for bankruptcy for his show’s company, InfoWars, LLC.
In 2013, Alex Jones found himself and Info Wars, a defendant in litigation behind claims he made on his Info Wars show that the mass shooting at Sandy Hook Elementary School, was a hoax and conspiracy.
In December 2021, a civil verdict rendered from a Connecticut court judge, ruled in favor of the plaintiff; the parents of the victims of the Sandy Hook Elementary School shooting. The trial to determine how much damages will be awarded to the plaintiff, is scheduled for August 2022, according to a CBS News report.
AbovetheLaw.com, published an article describing what might be steps toward settlement preparations from Alex Jones and his companies. Plaintiffs in Texas have filed a suit under Texas Uniform Fraudulent Transfer Act (TUFTA), alleging that Jones was siphoning money to himself and companies owned by insiders including family members. The suit claims that Jones paid himself $18 million dollars directly, and divested $54 million into said shell companies.
Alex Jones had offered plaintiffs from Connecticut, $125,000 per family to settle, yet that offer was rejected. Currently, Jones is seeking to have an accountant appointed as chief restructuring officer, for his company’s bankruptcy proceeding.
Since a verdict has been rendered by a Connecticut judge, Mr. Alex Jones, will be proceeding toward a trial date, unless he can get the case settled before August. According to AbovetheLaw.com, Jones siphoned the $18 million from 2018-2021, from Free Speech Systems, the parent company of the debtor companies of these latest related litigations.