On Wednesday, Lopez approved a new restructuring officer to handle Jones’ company and appointed another judge as a mediator to hash out disputes in the federal case. Last month, Houston-based bankruptcy Judge Christopher Lopez dismissed Jones’ attorney and chief restructuring officer – citing a lack of transparency by his company – and empowered a Department of Justice-appointed trustee to hire lawyers to investigate Free Speech Systems.
“Bankruptcy is not the place you want to be if you’re hiding assets or behaving badly,” said Horton. The judgments against Jones personally can still be collected, he said, but their scale might force him to file for individual bankruptcy.īut bankruptcy doesn’t get Jones off the hook. Horton said that Jones’ company’s bankruptcy is likely to complicate and draw out the Sandy Hook families efforts to collect on their judgments. They say Jones also drew a $1.4 million annual salary from the company at a time that he claimed it was operating at a net loss. The Sandy Hook families have alleged in bankruptcy court filings that after they brought their defamation cases Jones began “diverting assets” out of Free Speech Systems, totaling in 20 to more than $60 million.
He said at the time that he was “totally maxed out” financially. Jones told a court his company had estimated assets of $50,000 or less and estimated liabilities of $1 million to $10 million. “This is a judgment that is very likely to exceed his net worth, however it comes down,” said Horton, noting the uncertainty about Jones’ assets.Ĭomplicating matters is the fact that Jones is seeking bankruptcy protection for his company.įree Speech Systems, Infowars’ parent company, filed for Chapter 11 bankruptcy in July. Here’s a look at some of the issues raised by the judgment. So while the judgment may be a milestone, it’s not an end point.Įxperts say the Sandy Hook families likely face a long fight ahead as they try to collect the $965 million awarded to them by a jury in Connecticut Wednesday and a separate $49 million judgment from a Texas jury in August. “Every plaintiff’s lawyer knows from often bitter experiences that it is usually easier to get a judgment than to enforce it,” said Columbia University law professor John Coffee.
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(AP) - The nearly $1 billion judgment against Alex Jones for spreading false conspiracy theories about the Sandy Hook Elementary School massacre brought long-sought relief to family members and hopes the eye-popping figure would deter others from broadcasting falsehoods.īut Jones has given no signs of tempering his bluster - a headline on his website Thursday blared that the “show trial verdict signals the death of free speech.” And lawyers say it’s not certain that relatives who lost loved ones in the mass shooting will see the full dollar amount after promised appeals and a bankruptcy proceeding play out. He is 18-for-52 in his past 13 games, hiking his overall average to. He is 8-for-21 in a six-game hitting streak. SS Alcides Escobar went 3-for-3 and scored two runs on Saturday against the Blue Jays. Very seldom will he make a mistake on it.” “You see a see a lot of way out front swings on it. “The way he can command that changeup, it’s a tough, tough pitch,” Royals manager Ned Yost said. He is 6-1 with an AL-best 1.92 ERA in eight home starts. LHP Jason Vargas picked up his major league-leading 11th victory on Saturday, and his 2.29 ERA ranks second in the American League.
He lowered his ERA in save situations to 2.29. RHP Kelvin Herrera gave up a two-out single in the ninth inning on Saturday but preserved the 3-2 lead over the Blue Jays for his 18th save in 20 chances. Duffy (4-4, 3.54 ERA), who has an oblique injury, hasn’t pitched for the Royals since May 28. LHP Danny Duffy began a rehab assignment with Triple-A Omaha on Saturday. He is the first right-handed Kansas City rookie to walk three times in a game since Mike Sweeney on Aug. He is the first Royals rookie to walk three times in a game since Alex Gordon on April 26, 2007, at Minnesota. RF Jorge Bonifacio walked three times on Saturday against the Blue Jays.
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