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Sandy Hook Victims' Families Vote to Liquidate Alex Jones' Estate to Collect $1.5B
WATERBURY, CONNECTICUT - SEPTEMBER 21: InfoWars founder Alex Jones speaks to the media outside Waterbury Superior Court during his trial on September 21, 2022 in Waterbury, Connecticut. Jones is being sued by several victims' families for causing emotional and psychological harm after they lost their children in the Sandy Hook massacre. A Texas jury last month ordered Jones to pay $49.3 million to the parents of 6-year-old Jesse Lewis, one of 26 students and teachers killed in the shooting in Newtown, Connecticut. (Photo by Joe Buglewicz/Getty Images)

Sandy Hook Victims’ Families Vote to Liquidate Alex Jones’ Estate to Collect $1.5B

The families of the victims of the Sandy Hook mass shooting have declined Alex Jones’ offer to compensate them with $55 million over 10 years. Despite the substantial sum, the families, who previously secured $1.5 billion in defamation damages against the bankrupted Infowars host, have voted to liquidate Jones’ assets.

Next month, there will be a confirmation hearing for both sides to argue their position on the plan to sell Jones assets and resolve the ongoing debt issue. Jones’ legal team has proposed an offer to award the families $55 million over the next ten years. But the recent vote has rejected that counteroffer.

Jones was ordered to pay eight Sandy Hook families and an FBI agent nearly $1.5 billion in defamation damages and attorneys fees. However, according to a liquidation analysis filed with the court, he will likely not pay the full amount because even if he sold everything, his assets would bring no more than $10 million. The analysis stated that once expenses are covered and lawyers are paid, between $3 million and $4 million would be left for the families.

Jones’s attorneys have also filed appeals of the 2022 defamation awards in Texas and Connecticut, which must be concluded before the bankruptcy case and Jones’ debt to the families is resolved.

 

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Crystal Gross
Crystal joined BallerAlert in 2020 to renew her passion for writing. She is a Kentucky native who now lives in the heart of Atlanta. She enjoys reading, politics, traveling, and of course writing.

About Crystal Gross

Crystal joined BallerAlert in 2020 to renew her passion for writing. She is a Kentucky native who now lives in the heart of Atlanta. She enjoys reading, politics, traveling, and of course writing.

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