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ARTICLE · 18 OCTOBER 2022

What We're Reading This Week [October 14, 2022]

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On October 12th, Bloomberg reported that Alex Jones will join his bankrupt media production company, Free Speech Systems, in a court-supervised settlement with the families of the Sandy Hook...

United StatesInsolvency/Bankruptcy/Re-Structuring
Danielle A. Corn
Danielle A. Corn
Sean Scott
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On October 12th, Bloomberg reported that Alex Jones will join his bankrupt media production company, Free Speech Systems, in a court-supervised settlement with the families of the Sandy Hook school shooting victims. Specifically, Jones' media company had filed a chapter 11 petition for bankruptcy in July of this year, in the Southern District of Texas. Such filing had been precipitated due to a plethora of court settlements in which Jones was found to have made inflammatory comments that the Sandy Hook Elementary School shooting was a hoax and a conspiracy by the Democratic party and, to have used these comments to build an audience and make profit. Last month, the bankruptcy court had already expanded the powers of the trustee overseeing the case and ordered an investigation of the company. The mediation will therefore proceed while the trustee continues to investigate the company's finances. [Bloomberg; Oct. 12, 2022]

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