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Alex Jones and Free Speech Systems File for Bankruptcy in Wake of Sandy Hook Lawsuit

Alex Jones and Free Speech Systems, based in Austin, Texas, have both filed for bankruptcy in response to a lawsuit brought against Jones by the families of the victims of the 2012 Newtown school shooting. Jones' plan would pay the Sandy Hook families a minimum total of $55 million over 10 years, while Free Speech Systems' plan would pay $15 million. The court will decide which plan is the most beneficial and issue a final order in February.

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