Main Event
Judicial Authority Nullifies Infowars Purchase by The Onion
A judicial figure from the federal sphere revoked the transaction of Alex Jones' Infowars to satirical news source The Onion on Tuesday, declaring that the auction procedure did not sufficiently compensate the kin of the 2012 Sandy Hook Elementary School tragedy victims—to whom Jones was mandated to pay $1.5 billion in damages for spreading false rumors regarding the event.
Important Details
Following a two-day debate, U.S. Bankruptcy Judge Christopher Lopez criticized the auction process and argued that the sale to The Onion "left a significant sum untouched" for the Sandy Hook families, further adding, "You have to fight for every penny you can get for them." According to Associated Press reports.
While he highlighted problems with the auction, the judge dismissed Jones' accusations of unlawful conspiracy within the process instead recognizing the bankruptcy trustee overseeing Infowars sale for making an "honest mistake."
The judge also pointed out that the bids made by the two bidders in the bankruptcy sale—The Onion's $1.75 million and First United American Companies' $3.5 million—were substantial given Jones' debt.
Lopez did not command a new auction and instead left the decision with the trustee to resolve the issue and secure additional funds for the creditors, although it remains uncertain if The Onion will be permitted to present a follow-up bid.
This is an ongoing narrative.
The bankruptcy sale of Infowars to The Onion did not adequately address the compensation due to the Sandy Hook tragedy victims, as pointed out by Judge Christopher Lopez in the infowars bankruptcy proceedings. Despite this, Judge Lopez dismissed allegations of an unlawful conspiracy against the trustee overseeing the sale, acknowledging it as an "honest mistake."
