OAN’s Brooke Mallory
Monday, June 3, 2024 6:21 PM
Over the weekend, families of the victims of the Sandy Hook Elementary School shooting asked a bankruptcy judge to liquidate Alex Jones’ media organization.
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“Liquidation means that Jones will have to sell most of his possessions, including his company and its assets, but he will be able to keep his home and other personal items which are exempt from bankruptcy liquidation. The proceeds will go to creditors, including Sandy Hook families.” AP News report.
In 2022, Jones and his company, Free Speech Systems, filed for bankruptcy after being ordered to repay about $1.5 billion to the families of victims of the Sandy Hook Elementary School shooting.
Jones was sued by the families of 26 people killed in the shooting for spreading “baseless conspiracy theories” after he suggested the shooting may have been staged and, according to a recent whistleblower report, U.S. intelligence officers had coached the victims after it happened.
According to court documents, the family members filed an emergency petition in the Southern District of Texas on Sunday, asking the bankruptcy court to convert the bankruptcy reorganization proceedings to liquidation proceedings.
“The Connecticut families firmly believe that a supervised liquidation is crucial at this time and will bring the FSS litigation to a long-awaited conclusion in a manner that allows creditors to realize immediate recoveries,” the motion states.
AP News Judge Christopher Lopez will reportedly consider the motion on June 14.NumberThe judge ruled that media companies can continue to operate at least until that date.
The allegations refer to comments Jones made during a podcast over the weekend in which he suggested the federal government and bankruptcy system would shut down his media empire. At one point, he reportedly said his supporters should “surround the building and make this a big deal and expose it” to protect the company, according to court documents.
“At the end of the day, we’re going to beat these people. I’m not trying to be hyperbolic here, but it’s been an uphill battle. These people hate our kids,” Jones said on his show. AP News.
A disagreement between Jones and PQPR Holdings Limited appeared to be the reason behind the premise of Jones’s recent show. Jones owns the majority of the business, and PQPR provides the nutritional supplements he promotes on the show. AP.
Lawyers representing Jones supported Free Speech Systems’ continued operation, while lawyers for PQPR argued against the company staying open until June 14th.Number.
PQPR’s lawyer, Stephen Lemon, told the judge there were no arrangements in place for Free Speech Systems to continue operating beyond Monday.
“We think it would be better for everybody if we shut this down right now,” Lemon said.
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