Parent company of controversial Jones news site may seek to limit massive libel payout
Free Speech Systems LLC, the parent company of InfoWars, has filed for bankruptcy. InfoWars host Alex Jones has used similar material throughout the ongoing libel lawsuits brought by the families of victims of the Sandy Hook massacre.
Reuters reported the filing on Friday, noting that Free Speech Systems asked the bankruptcy judge not to seek a stay of Sandy Hook’s libel suit. The families of the victims who are suing Jones asked a jury on Tuesday to award them $150 million in damages. The bankruptcy filing is likely aimed at reducing that number.
Jones has made a number of statements suggesting that the 2012 shooting at Sandy Hook Elementary School in Newtown, Connecticut was staged in order to enact tougher gun control laws. . He is currently being sued by the families of the 26 victims in two separate defamation cases, one in Connecticut and one in Texas, the latter of which could cost him $150 million when the jury returns its verdict.
InfoWars and two of its subsidiaries, PrisonPlanet TV and Infowars Health, filed for bankruptcy in April and offered the plaintiffs a $10 million settlement. The settlement was rejected, but InfoWars Health and Prison Planet TV dropped their bankruptcy cases after the defamation case was removed from the bankruptcy proceedings.
Even before being found liable in the two defamation lawsuits, Jones saw his reach and income limited when he was banned from Facebook, Twitter, YouTube, Apple Podcasts and other platforms in the space of a month. months in 2018.
Jones was one of the first major public figures to be “twisted” in this way, a practice that has since become more common and even affected former President Donald Trump in 2021.