The Onion thought it had the last laugh when it was named the winning bidder after last week's bankruptcy auction. Now, Jones says that bid was"fake dollars" and wants a judge to disqualify itRight-wing conspiracy theorist Alex Jones speaks to the media after arriving at the federal courthouse in Houston for a bankruptcy hearing in June.
FUAC bid $3.5 million in cash. The Onion offered half that amount — $1.75 million — in cash, plus a sweetener: The Connecticut families promised to forgo some of their sale proceeds to help beat the offer from FUAC. The Onion attorneys say that deal would result in the highest payout to the other creditors, including a smaller group of families who won a separate defamation suit against Jones in Texas and did not offer to forgo any proceeds.
FUAC made its own move earlier Monday to block The Onion bid, saying in court papers that it was based on"'Monopoly' money" and a"plan to rig the process."U.S. bankruptcy trustee Christopher R. Murray, who is overseeing the bankruptcy auction, filed his own court papers dismissing"the barrage of baseless allegations" as just"a disappointed bidder's improper attempt to influence an otherwise fair and open auction process.
Former federal bankruptcy Judge Bruce Markell believes the court ultimately will defer to the trustee's judgment.
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