Key takeaways:
- Jones and Free Speech Systems have both filed for bankruptcy in the wake of a lawsuit brought against Alex Jones.
- Jones’ plan would pay the Sandy Hook families a minimum total of $55 million over 10 years.
- Free Speech Systems’ plan would pay the Sandy Hook families $15 million over 10 years.
Jones and Free Speech Systems, based in Austin, Texas, have both filed for bankruptcy in the wake of a lawsuit brought against conspiracy theorist Alex Jones. Jones was sued by the families of the victims of the 2012 Newtown school shooting for calling the tragedy a hoax.
The bankruptcy plans, filed late Friday in U.S. Bankruptcy Court in Houston, will be debated and challenged over the next two months, with hearings scheduled for February. Jones’ plan would pay the Sandy Hook families a minimum total of $55 million over 10 years, a fraction of the $1.5 billion awarded to the relatives in the lawsuit.
The court will decide how much Jones will have to pay out in the final order. Jones’ plan also includes a $2 million payment to the families of the victims of the shooting, as well as $3 million to cover legal fees.
The bankruptcy plan filed by Free Speech Systems, which is owned by Jones, would pay the Sandy Hook families $15 million over 10 years. It also includes a $2 million payment to the families of the victims of the shooting, as well as $3 million to cover legal fees.
The court will decide which plan is the most beneficial for the Sandy Hook families and will issue a final order in February. It is unclear how much money Jones will have to pay out in the end.
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