By Free Republic | Created at 2024-11-15 22:13:28 | Updated at 2024-11-16 00:47:02
2 hours ago
Judge Halts the Onion’s Infowars Takeover to Review Bankruptcy Auction Process
Posted on 11/15/2024 2:09:30 PM PST by E. Pluribus Unum
The Onion’s winning bid for the assets of Alex Jones’ bankrupt conspiracy-theory site Infowars is under further review.
The bankruptcy judge overseeing the Chapter 7 liquidation of Infowars and Jones’ assets on Thursday temporarily halted the transfer of Infowars to the Onion and ordered an evidentiary hearing for next week to review the auction — in which bids were submitted secretly. “No one should feel comfortable with the results of this auction,” Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas said at an emergency status conference, according to an audio recording of the hearing shared by the court in the docket Friday.
Jones and his Free Speech Systems LLC, parent company of Infowars, filed for bankruptcy in 2022. That came as families of the victims in the Sandy Hook mass shooting in Connecticut won a $1.4 billion verdict in their defamation lawsuit against Jones — who had repeatedly lied about the tragedy on his platforms and bizarrely accused the families of collaborating in an anti-gun conspiracy plot with the U.S. government. The Onion’s winning bid for Infowars was backed by the Connecticut families, which “agreed to forgo a portion of their recovery to increase the overall value of the Onion’s bid,” according to lawyers for the families.
TOPICS: Humor
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Bidders were supposed to prove they had cash-on-hand to complete the purchase.
Onion had zero dollars on hand. The purpose of the bankruptcy auction was to discharge the billion dollar settlement, but they want it both ways. They want to confiscate Jones' platform AND use the settlement to pay for it after the Sandy Hook plaintiffs get it.
Everything about the "auction" was completely illegal and the judge has ordered a criminal investigation.
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