Infowars Bidder Moves to Disqualify The Onion's Winning Offer

[struggle4progress]

Nov. 18, 2024, 12:27 PM EST
James Nani

Backup bidder First United American Companies LLC, which operates the website for online supplement store ShopAlexJones.com, on Monday said its $3.5 million cash bid was larger than the $1.75 million offered by Onion parent Global Tetrahedron LLC.

The company, in an emergency motion to the US Bankruptcy Court for the Southern District of Texas, accused the Onion of “collusion” with some families of Sandy Hook Elementary School shooting victims who backed the bid ...

The sale process is being overseen by trustee Christopher Murray, who is tasked with liquidating Jones’ estate in bankruptcy to help him pay down approximately $1.5 billion in defamation judgments related to false statements he made calling the 2012 Sandy Hook shooting a hoax.

As part of the winning bid, some of the Sandy Hook families agreed to waive part of their unsecured claims against Jones, which helped The Onion secure the top spot as the best-value offer, Murray said last week ...

https://news.bloomberglaw.com/bankruptcy-law/infowars-bidder-moves-to-disqualify-the-onions-winning-offer

[struggle4progress]

1. Jones and allies desperately trying to stop sale of Infowars

By Hadas Gold, CNN
Published 3:00 PM EST, Tue November 19, 2024

New York
CNN
—
Conspiracy theorist Alex Jones has sued a court-appointed bankruptcy trustee and the families of some of the Sandy Hook victims in an attempt to stop the sale of his media empire Infowars to the satirical news outlet The Onion.

In a lawsuit filed Monday in the US Bankruptcy Court for the Southern District of Texas, Jones claimed trustee Christopher Murray and the families “colluded” for a “flagrantly non-compliant Frankenstein bid” and asked a judge to halt the sale.

The parent company of Infowars was auctioned off last week as part of bankruptcy proceedings to help pay some of the nearly $1.5 billion Jones owes the families of the victims of the Sandy Hook massacre for defamation.

According to court documents, The Onion, via its parent company Global Tetrahedron, offered $1.75 million in cash along with a “credit” from the Connecticut families, who offered to forgo 100% of their portion of the winning bid to support the effort ...

https://www.cnn.com/2024/11/19/media/alex-jones-infowars-onion-auction-lawsuit/index.html