Bankruptcy court trustee in Alex Jones liquidation case previews 'wind-down' of media company

  • 📰 NBCNewsHealth
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

News News

Singapore Singapore Latest News,Singapore Singapore Headlines

A federal bankruptcy judge let Alex Jones convert his Chapter 11 filing into a liquidation, but dismissed the bankruptcy case against Jones' company. Jones's personal assets will be sold to pay toward previously-awarded damages of $1.5 billion to Sandy Hook parents for defamation and emotional distress. NBC News' Anne Thompson reports.

A federal bankruptcy court trustee appointed to oversee the liquidation of conspiracy theorist Alex Jones' estate is asking a judge to temporarily block families and other creditors from seizing assets related to his media company, as he readies 'an orderly wind-down process' and sale.

5 billion in total in their lawsuits, but they have been unable to collect any of the money from Jones, who has claimed he can't afford that massive sum and filed for bankruptcy in the wake of the verdicts. During a court hearing this month, federal Bankruptcy Judge Christopher Lopez agreed to allow Jones to convert his bankruptcy filing into a liquidation of his personal assets in order to help pay off the suits.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 707. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines