In the face of a slew of defamation lawsuits, Infowars filed for voluntary Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of Texas on Sunday, according to NBC News.
Using Chapter 11 bankruptcy proceedings, all civil legal cases are placed on hold, and businesses are given time to establish turnaround strategies while still operating.
After making a slew of bizarre claims about the Sandy Hook school massacre in 2012, one of the worst school shootings in US history, the creator of Infowars, Alex Jones, was held responsible for damages in a trio of cases filed last year. The charges were brought after Jones erroneously claimed that the 2012 school massacre was an outright fabrication.
Jones stated that the massacre at Sandy Hook Elementary School in Newtown, Connecticut, in which 20 children and six school workers were killed, was totally staged by gun-control proponents and the mainstream media.
Families of those slain at Sandy Hook have filed three different lawsuits against him, alleging that his falsehoods profited his businesses, notably InfoWars, while also causing them to be harassed by his followers. Last year, they were victorious in their actions against Mr. Jones, who rejected the allegations but failed to submit proof such as bank documents in court.
He had volunteered to pay $120,000 to each of the 13 persons who were named as defendants in the litigation, but they rejected his offer earlier this year. “The so-called offer is a transparent and desperate attempt by Alex Jones to escape a public reckoning under oath with his deceitful, profit-driven campaign against the plaintiffs and the memory of their loved ones lost at Sandy Hook,” the families said in court filings.
Mr. Jones has since admitted that the shooting occurred. He claims that the proceedings are a danger to his constitutional right to freedom of expression. When it filed for Chapter 11 bankruptcy, InfoWars described its estimated assets as ranging from $0 to $50,000 and its anticipated liabilities as ranging from $1 million to $10 million.
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