Tag

Infowars

All articles tagged with #infowars

world5 months ago

Judge Orders Sale of Alex Jones’s Infowars Assets to Pay Sandy Hook Families

A Texas court has ordered the sale of Alex Jones's Infowars to pay over $1 billion in damages to Sandy Hook victims' families, with a court-appointed receiver managing the assets. The sale process was previously halted, and the families are seeking accountability for Jones's defamation claims. The Onion had plans to revive its bid for Infowars, but the outcome remains uncertain.

business1 year ago

Bankruptcy Judge Halts The Onion's Infowars Acquisition

A Texas bankruptcy judge has rejected The Onion's $1.75 million bid to purchase InfoWars, owned by Alex Jones, in a Chapter 7 bankruptcy auction. The decision followed a dispute with a higher $3.5 million bid from a Jones-affiliated company, which argued the process was biased. The Onion's bid, supported by Sandy Hook families owed damages by Jones, was deemed insufficient by the judge, who instructed a reassessment of the auction process. The Onion expressed disappointment and plans to continue pursuing the acquisition.

business1 year ago

Judge Blocks The Onion's Attempt to Acquire Infowars

A Texas bankruptcy judge has blocked The Onion's acquisition of InfoWars, citing issues with the sealed bidding process that did not maximize returns for creditors. The Onion had bid $7 million, partly funded by money awarded to Sandy Hook families from their lawsuit against InfoWars founder Alex Jones. Despite the setback, The Onion's parent company, Global Tetrahedron, plans to continue pursuing the acquisition to transform InfoWars into a platform for humor.

business1 year ago

Judge Blocks The Onion's Bid to Acquire Infowars

A bankruptcy judge has rejected The Onion's bid to acquire Alex Jones' Infowars in a bankruptcy auction, citing issues with the auction process. The satirical news site had planned to relaunch Infowars after winning the bid last month, following a $1.4 billion defamation judgment against Jones in favor of Sandy Hook families. The Onion offered $1.75 million, but a company linked to Jones bid $3.5 million. The decision disappointed both The Onion and the Sandy Hook families, who seek accountability from Jones.

media1 year ago

Judge Halts The Onion's Bid to Buy Infowars

A Texas bankruptcy judge has blocked The Onion's attempt to acquire Infowars, the far-right website created by Alex Jones, citing that the auction did not secure the best bids for creditors. The Onion had won the auction to purchase Infowars, which was being sold to pay off $1.5 billion in damages owed by Jones to the Sandy Hook families. Despite support from some of these families, the judge ruled the process should have maintained competition between The Onion's bid and a rival offer linked to Jones. The decision leaves the future of Infowars' sale uncertain.

law1 year ago

Court Blocks The Onion's Bid to Acquire Infowars

A US bankruptcy judge has rejected The Onion's bid to purchase Alex Jones's Infowars, citing a lack of competitive bidding in the auction process. The Onion's bid was supported by families of Sandy Hook victims, who previously won a $1.5 billion defamation lawsuit against Jones for spreading false conspiracy theories about the 2012 school shooting. The judge noted a "good-faith error" in the auction process and suggested it should have been reopened to encourage more bids.

business1 year ago

Judge Blocks The Onion's Attempt to Acquire Infowars

A bankruptcy judge has blocked The Onion's bid to purchase Alex Jones' Infowars, citing concerns over the auction process that allegedly left money on the table. The Onion's $7 million bid, backed by Sandy Hook families, was challenged by Jones and his affiliates, who criticized the auction's fairness. Despite the ruling, The Onion and the families remain determined to hold Jones accountable for his actions. The judge has ordered a reassessment of the auction process, but it's unclear what will happen next for Infowars.

legal1 year ago

Judge Denies The Onion's Attempt to Acquire Infowars

A federal bankruptcy judge rejected The Onion's bid to acquire Alex Jones' Infowars, citing flaws in the auction process and a failure to maximize value for creditors, including families of Sandy Hook victims. The decision marks a rare win for Jones, who owes over a billion dollars in damages for defamation. The judge criticized the auction's lack of transparency and the trustee's decision to cancel a live auction, leading to insufficient offers from both The Onion and a business affiliate of Jones.

business1 year ago

Musk's X Battles The Onion Over Infowars Account Ownership

Elon Musk's social media platform X is intervening in the bankruptcy sale of Alex Jones' Infowars, marking an unprecedented move by a social media company in a legal dispute over account ownership. X objects to the sale of Infowars' X accounts, citing its terms of service that accounts cannot be sold and are owned by X. This intervention is seen as Musk flexing his influence and potentially setting a legal precedent, as social media platforms typically avoid public court battles over account ownership.

technology1 year ago

Elon Musk's X Fights for Control of Infowars Social Accounts

Elon Musk's social media platform X, formerly Twitter, is contesting the sale of Infowars' X accounts to The Onion, asserting that X owns all accounts on its platform. This legal move comes amid Infowars' bankruptcy proceedings, where its assets are being liquidated to pay damages to Sandy Hook victims' families. Musk's intervention raises questions about his motives, especially given his past actions to restore Infowars' accounts and his criticism of The Onion. The legal filing emphasizes that users only have a non-exclusive license to their accounts, not ownership.