Sandy Hook families to vote whether to take Alex Jones’ $55M bankruptcy deal or liquidate his estate

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Alex Jones’ year-long bankruptcy that resulted from $1.5 billion in defamation damages he owes to Sandy Hook families will come down to a vote of those families in February to either make him sell everything or to accept his offer to pay them a fraction.

A federal judge ruled Wednesday in a Texas bankruptcy court that an FBI agent and 18 Sandy Hook family members who Jones defamed will vote by Feb. 12 whether to take Jones’ offer to pay them $55 million or take their own option to liquidate his estate.

Jones, owner of the conspiracy-themed merchandising platform Infowars, was making as much as $76 million annually before the pandemic. Now if he sold everything his assets would bring no more than $10 million, according to a liquidation analysis filed with bankruptcy Judge Christopher Lopez. Once expenses are covered and lawyers are paid, between $3 million and $4 million would be left for the families, the analysis says.

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