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PaperclipPerfector  1yr ago (text post)   24465 thread views

Culture War Roundup for the week of June 10, 2024

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It seems like the push finally came to shove for Alex Jones, as he will have to liquidate pretty much almost everything he has to pay the $1.5 billion dollar settlement after the Sandy Hook defamation lawsuit went the plaintiffs way. Via AssociatedPress:

Conspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation, which would lead to a sell-off of a large portion of his assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting.

Jones and his media company, Free Speech Systems, both filed for bankruptcy reorganization after the Sandy Hook families won lawsuits against him for his repeatedly calling the 2012 shooting that killed 20 first graders and six educators in Newtown, Connecticut, a hoax on his Infowars programs...

...Liquidation could mean that Jones would have to sell most of what he owns, including his company and its assets, but could keep his home and other personal belongings that are exempt from bankruptcy liquidation. Proceeds would go to his creditors, including the Sandy Hook families.

If Free Speech Systems’ case is withdrawn, the company would return to the same position it was in after the $1.5 billion was awarded in the lawsuits and it would send efforts to collect the damages back to the state courts in Texas and Connecticut where the verdicts were reached.

Jones already has moved to sell some of his personal assets to pay creditors, including his Texas ranch worth around $2.8 million.

But a liquidation of Jones’ and his company’s assets would raise only a fraction of what he owes the Sandy Hook families.

According to the most recent financial statements filed in the bankruptcy court, Jones personally has about $9 million in assets, including his $2.6 million Austin-area home in Texas and other real estate. He listed his living expenses at about $69,000 for April alone, including about $16,500 for expenses on his home, including maintenance, housekeeping and insurance.

Infowars’ parent company, Free Speech Systems, which employs 44 people, had nearly $4 million in cash on-hand at the end of April. The business made nearly $3.2 million in April, including from selling the dietary supplements, clothing and other items that Jones promotes on his show, while listing $1.9 million in expenses.

Considering $9 million is more than 100 times less than what he owes, I don't see any other way for this to end in his completely left in the dust, with no business media, no career in journalism (at least as a self-owned publication, though I doubt anyone wants to hire him, and I don't think him having a Rumble channel with no structure to back him is going to bring him that much money). His only hope involves a Hail Mary crowfunding moneybomb from his supporters and people annoyed by the veredict a la Trump, but even if he raises as much as Trump, he's still owing hundreds of millions left, and I doubt he could even reach that point; not only we're talking about somebody not as popular, but the specifics of the case do touch sensitive spots (nobody likes someone stating falsehoods about dead children)

Comment from ZeroHedge:

The $1.5 billion settlement for claiming an event didn’t happen the way it is popularly believed to have happened was always absurd and had nothing at all do to with justice delivered to the families who lost their kids in Sandy Hook and everything to do with silencing a voice long a thorn in the side of the establishment, which the lawyer essentially concedes in the above quote about the ruling not just being about money — lawfare waged via a weaponized legal system I wrote about in detail when the ruling came down from on high last year.

Please miss me with comments about how Alex Jones is an unhinged pseudo-evangelical lunatic with a drinking problem or whatever. The vast majority of Alex Jones haters, in fact, have never listened to a single hour of his broadcast. Their negative impression of him comes entirely secondhand from ten-second clips and the non-stop, orchestrated bleating of hostile corporate media — a consensus-forming propaganda campaign of, arguably, unprecedented scale targeted at a single individual in the 21st century.

But anyway, I’m not here to do apologia for Alex Jones or to sell him to anyone; I am aware of his flaws, as I am aware of my own. We all live in glass houses...

...The Alex Jones censorship sage is not about Alex Jones.

When Jones was universally banned overnight from all major social media platforms in 2018 in what was clearly an orchestrated move among the Big Tech giants, that was an allusion to things to come.

It was only two years later, if that, that the mass censorship regime came for all dissident media, including me when I got the banhammer from multiple platforms in 2020 for “COVID misinformation” and other alleged crimes of wrongthink.

It’s InfoWars today and the rest of us tomorrow.

Two things that come to my mind:

First, from what I understand, the final payment number came from Alex Jones not being willing to disclose his net worth, which allowed to the plaintiffs to imagine an infinite net worth if they wanted to. But once the books are finally displayed, does that make sense? And even if he hadn't, why isn't the level of damage caused to the plaintiffs part of equation to lower the number? Isn't this institutionalized debt slavery as punishment for what is at the end of the day an civil case? Don't get me wrong, as a libertarian I certainly don't oppose debt slavery for a sort of tort system where crimes are punished with payments; but it has to be equivalent to the crime and the criminal's means; $1.5 billion would be too much of a punishment for Adam Lanza, the actual sicko who murdered the children in Sandy Hook, let alone for the guy who espoused things that weren't true about the shooting. Is he even going to able to ever pay for it entirely?

Secondly, isn't this simply a completely disproportionate answer to Jones sins? Yes, he went on for too long with this charade and should had never started it in the first place, not to mention that his claims didn't went against the NWO or the globalist elites that he despises, but against parents of dead children, claiming that the most emotionally painful thing that had ever befallen them was something they were lying about on TV. However, is he responsible at all for the fact that his followers went too far and harassed those people? Are CNN or MSNBC liable for defamation since they broadcasted Jones making those same claims? Do we know that if the people that harassed the victims parents actually got their information directly from Jones himself?

It seems to me that defamation law is a two edged sword...a society that doesn't have it allows misinformation to be used to harm people, but a society that doesn't have it on a tight leash allows to weaponize claims of misinformation with far worse repercussions.

I've always understood that the objective with these kinds of high value settlements, is that while you can't get water out of a stone, you can take a portion of what it drinks for yourself.

Alex Jones is going to be on some kind of a payment plan to the plaintiffs for the rest of his life, and in that way, it brings closure to the matter.

Alex Jones is going to be on some kind of a payment plan to the plaintiffs for the rest of his life, and in that way, it brings closure to the matter.

Depends on the jurisdiction doesn't it? If he declares personal bankruptcy this is most likely very time limited and considers the creditors as a whole -- unless there's some carveout for legal settlements, which in most jurisdictions there is not.

Judgments for intentional torts aren't dischargeable in bankruptcy.

Certainly you are much more qualified to comment on the US situation, but I had thought that there were at least some states more similar to Canada in this regard?

Debts not released by order of discharge

178 (1) An order of discharge does not release the bankrupt from

(a) any fine, penalty, restitution order or other order similar in nature to a fine, penalty or restitution order, imposed by a court in respect of an offence, or any debt arising out of a recognizance or bail;

(a.1) any award of damages by a court in civil proceedings in respect of

    (i) bodily harm intentionally inflicted, or sexual assault, or

    (ii) wrongful death resulting therefrom;

(b) any debt or liability for alimony or alimentary pension;

(c) any debt or liability arising under a judicial decision establishing affiliation or respecting support or maintenance, or under an agreement for maintenance and support of a spouse, former spouse, former common-law partner or child living apart from the bankrupt;

(d) any debt or liability arising out of fraud, embezzlement, misappropriation or defalcation while acting in a fiduciary capacity or, in the Province of Quebec, as a trustee or administrator of the property of others;

(e) any debt or liability resulting from obtaining property or services by false pretences or fraudulent misrepresentation, other than a debt or liability that arises from an equity claim;

(f) liability for the dividend that a creditor would have been entitled to receive on any provable claim not disclosed to the trustee, unless the creditor had notice or knowledge of the bankruptcy and failed to take reasonable action to prove his claim;

(g) any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student Financial Assistance Act or any enactment of a province that provides for loans or guarantees of loans to students

The US bankruptcy code (it's all Federal, except for in a few specific areas) is similar but doesn't require "bodily harm", only "willful and malicious injury". Courts have said for a long time that this basically means all intentional torts.

Huh, that is rough -- so is it Jones that's on the hook for a billion bucks, or some combination of himself and his corp?

He's on the hook himself. The problem is that he owns his corp (at least in substantial proportion) so the company itself is fair game. The Plaintiff's are looking to settle in a manner that will keep the company operational but they rejected Jones's proposal and gave a counteroffer that Jones rejected.

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