Alex Jones is trying to halt the sale of Infowars. Elon Musk's X just got involved in the case
Alex Jones is trying to halt the sale of Infowars. Elon Musk's X just got involved in the case
At an emergency hearing this week, lawyers for the social media company appeared. They haven’t explained why.
Summary
A Texas federal bankruptcy judge has ordered an evidentiary hearing to review the auction process that awarded Infowars to satire site The Onion, citing concerns about transparency.
Alex Jones, who owes $1.5 billion to Sandy Hook families, claims the process was “rigged” and expects the site to be returned to him.
Attorneys for Elon Musk’s X Corp. unexpectedly joined the case, with Jones suggesting Musk will play a key role.
Despite the sale proceeding, Jones resumed Infowars broadcasts, while The Onion plans to relaunch the platform as a satire in January. The hearing is set for next week.
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So the argument is that it was unfair to sell Infowars to The Onion, because they weren't the highest bidder - rather, the Sandy Hook parents approved of this bid, and not any others that were higher.
BUT... Those Sandy Hook parents also agreed to forfeit a portion of their settlement in exchange for favoritism towards the Onion, making that bid the one that would cover the largest number of settlement dollars, which is the primary goal of auctioning off his assets in the first place.
So good luck arguing against this sale. The Sandy Hook parents have $1.4B worth of settlement dues to work with, and they know that they aren't going to see most of it repaid in their lifetimes. They can keep conditionally forfeiting money until you'd need to pay hundreds of millions to acquire Infowars. If Elon decided to do that anyway, the cash would go straight to the parents, and he'd be opening himself up to massive liabilities the moment Alex Jones inevitably opens his mouth about Sandy Hook conspiracy shit on X.
"Texas judge" all bets are off in the new world.
I dont think so in this case. Texas judge was the first one to find him guilty by default. Even Texas Supremem Court slapped down his argument that the suit was not valid. They do not seem to want to play ball with his bullshit.
That was in the before times . . .
You speak the truetrue.