{"id":2109789,"date":"2023-11-28T12:01:01","date_gmt":"2023-11-28T17:01:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sandy-hook-families-offer-to-settle-alex-jones-1-5b-legal-debt-for-85m\/"},"modified":"2023-11-28T12:05:00","modified_gmt":"2023-11-28T17:05:00","slug":"sandy-hook-families-offer-to-settle-alex-jones-1-5b-legal-debt-for-85m","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sandy-hook-families-offer-to-settle-alex-jones-1-5b-legal-debt-for-85m\/","title":{"rendered":"Sandy Hook families propose $85M settlement for Alex Jones&#8217; $1.5B legal debt"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsandy-hook-families-offer-to-settle-alex-jones-1-5b-legal-debt-for-85m%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2109789&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">(Photo by Joe Buglewicz\/Getty\u200d Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s James Meyers<\/h2>\n<p>8:50 AM \u2013 Tuesday, November\u2063 28, 2023    <\/p>\n<p>Sandy Hook families\u2064 who\u200c won almost $1.5\u2064 billion\u200b in their legal battle against Infowars host Alex Jones for calling the 2012 Connecticut\u200b school shooting a hoax have offered to settle that debt\u2062 for less \u200cmoney. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>An offer was made last week in Jones\u2019 personal bankruptcy case in Houston with the families asking for at \u2064least $85 million over 10 years. <\/p>\n<p>In the legal filing, lawyers for the families said that they believed the proposal would be the right way to help \u200dresolve the reorganization cases\u200d of both Jones and his\u2064 company, Free Speech Systems. <\/p>\n<p>However, in the legal filing, lawyers accused Jones of not limiting his spending and &#8220;extravagant\u200c lifestyle,&#8221; failing to preserve the value\u2063 of his holdings, failure to\u200c sell assets and \u200cinability \u2063to produce certain financial documents. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;Jones has failed\u200b in every way to serve as the fiduciary mandated by the Bankruptcy\u2063 Code in exchange for the \u2064breathing spell he has enjoyed for almost a year. His time is up,&#8221; lawyers for the\u2062 Sandy Hook families wrote.<\/p>\n<\/blockquote>\n<p>Additionally, \u200bthe attorneys of the families offered two options to Jones. The first option was to liquidate his estate and give the proceeds to creditors. The second option is\u200d to pay them at \u200cleast $8.5 million a year for \u206410 years, plus 50% of any income over $9 million per year. <\/p>\n<p>In \u200bresponse to the offer Jones\u2019 personal\u200b bankruptcy lawyer said that\u200c the \u200c$85 million, 10-year settlement offer was too high and was not\u2064 something Jones could realistically \u2063pay. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;There are no \u2062financials \u2062that will ever show that Mr. \u2064Jones ever\u2062 made that &#8230; \u200bin 10 \u200cyears,&#8221; she said.<\/p>\n<\/blockquote>\n<p>Meanwhile, in a new bankruptcy\u2062 plan filed on November 18<sup>th<\/sup>, Free Speech Systems said it could afford \u200cto pay creditors around $4\u200d million a year, down from an estimate earlier this\u2062 year of $7 million to $10 \u2063million annually. <\/p>\n<p>The company also said it was \u2063expecting to make just over $19 million next year\u200b from selling merchandise Jones promotes on \u200chis various shows, while operating expenses\u200b including salaries would\u200c total about $14 million. <\/p>\n<p>Bankruptcy Judge Christopher Lopez rejected\u2064 Jones\u2019\u200c $1.5 million salary, claiming that a hearing needed to be held. <\/p>\n<p>If the Infowars host doesn\u2019t \u2064accept the offer, Lopez would determine how much Jones would have to\u200c pay the families. <\/p>\n<p>After 20 children and six faculty members were killed by a gunman at Sandy Hook Elementary School in Newton, Connecticut, Jones said on his show that the Sandy Hook shooting \u200bnever happened and was staged. <\/p>\n<p>Currently, Jones is appealing the lawsuit, claiming \u2063he did not\u200d receive\u2064 fair trials and that his speech was protected by the First Amendment.<\/p>\n<p>Stay informed! Receive breaking news blasts directly\u2062 to your inbox for\u2063 free. Subscribe\u2062 here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"entry-content\">  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"entry-content\">\n<p>with\u2063 Ken Davis<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The RNC\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/daily-feed-11-27-23\/\" title=\"Daily Feed 11\/27\/23: Latest news\">lackluster fundraising prompts calls<\/a> for Ronna McDaniel to resign, Maryland \u200btakes issue with the 2nd \u200dAmendment and Disney Wishes it could \u2063make profitable movies ,<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Some cryptocurrency ETF pioneers plan\u200c to sit out what is expected to be a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/if-the-left-wants-truthsgiving-hit-them-with-these-uncomfortable-truths\/\" title=\"Expose the Left with Uncomfortable Truths for 'Truthsgiving\">fierce industry battle<\/a> for market share.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The rapid adoption of artificial intelligence could reduce wages,\u2062 but so far\u200c is creating, not \u200bdestroying jobs.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>U.S. shoppers looking for steep discounts are set to boost Cyber Monday online sales to a record $12 billion to \u200b$12.4 billion.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The United States and multiple other countries have come \u200dto\u2062 an\u200b agreement \u2064on guidelines \u2064for the use of Artificial \u2064Intelligence \u2063(AI). <\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What accusations \u2064have the families&#8217; \u200clawyers made against Jones regarding his conduct during the bankruptcy proceedings?<\/h2>\n<p><span>  E to \u2064repay\u2064 the \u2063Sandy Hook families. The families&#8217; lawyers argue that Jones has\u2062 not fulfilled his obligations as a fiduciary during his bankruptcy proceedings.<\/p>\n<p>The \u200cSandy Hook families, who previously\u200c won a\u200d legal battle against Infowars host Alex Jones for defamation regarding\u2063 the \u20622012 Connecticut school shooting, have made an offer to settle the debt owed by \u200bJones.\u200b Last week, in Jones&#8217; personal bankruptcy case in Houston, the families proposed a settlement of at\u200c least $85 million \u2062to be paid over a period\u2062 of \u200c10 years.<\/p>\n<p>The families&#8217; lawyers believe that this settlement proposal would be the most suitable way to resolve \u200cboth Jones&#8217; \u200band his company, Free Speech Systems&#8217;, reorganization\u2064 cases. \u2063However, they\u200b also accused Jones of reckless \u200cspending and failing to preserve the value of\u200b his assets. \u2062They claim \u2062that he has not sold any assets\u200b or produced necessary financial documents.<\/p>\n<p>Lawyers for the Sandy Hook families stated that \u2064&#8221;Jones has failed in every way\u2063 to serve as the \u200dfiduciary mandated \u2064by the Bankruptcy\u2064 Code in exchange for the breathing spell he has enjoyed for almost a year. His time is up.&#8221; This statement reflects their dissatisfaction with\u2063 Jones&#8217;\u200c conduct during \u2062the bankruptcy proceedings.<\/p>\n<p>In response \u200dto the offer made by the families, Jones&#8217;\u200b personal bankruptcy lawyer argued \u200bthat\u2064 the \u2062proposed settlement amount was too high and not something Jones could\u2063 realistically \u200bpay. She stated that there\u200c are no financial records that\u200d support\u2064 Jones&#8217; ability to make such a payment over a 10-year\u200d period.<\/p>\n<p>Meanwhile, Free\u2063 Speech Systems, in a new bankruptcy \u2064plan filed \u2063on\u2064 November 18th, stated that it\u2063 could afford to\u200c pay\u200d creditors approximately $4 million per year. This is\u2064 a decrease from the estimated\u2064 $7 million \u200cto $10 million annually that was\u2064 projected earlier this year. The \u2064company also revealed that it expects to generate around $19\u2062 million in revenue next year from the sale of merchandise promoted by Jones on his shows. However, the operating\u2063 expenses, including \u2062salaries, are expected \u200cto total approximately $14 million.<\/p>\n<p>Bankruptcy Judge Christopher Lopez rejected Jones&#8217; proposed $1.5 million salary, stating that a hearing needed\u2064 to be \u2063conducted to determine its legitimacy. If Jones does not accept the\u2062 settlement\u2063 offer from the \u2062Sandy Hook families, Judge Lopez will determine the \u200bappropriate amount for Jones to repay.<\/p>\n<p>It remains to be seen whether\u2063 Jones\u2064 will accept the proposed\u2062 settlement or if the court will decide on an alternate repayment amount. This ongoing\u2064 legal \u200dbattle highlights \u2063the\u200b importance of responsible financial management and adherence\u200b to fiduciary duties during bankruptcy proceedings, \u2063especially when dealing with compensation \u2062for personal damages caused by defamation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Photo by Joe Buglewicz\/Getty Images) OAN\u2019s James Meyers reports that Sandy Hook families, who won $1.5 billion in their lawsuit against Alex Jones for calling the school shooting a hoax, have proposed a reduced settlement amount. The offer was made recently<\/p>\n","protected":false},"author":2301,"featured_media":2109790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2109789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2109789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2301"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2109789"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2109789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2109790"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2109789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2109789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2109789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}