June 24th, 2024

Bankruptcy trustee discloses plan to shut down Infowars and sell it for parts

A U.S. bankruptcy court trustee plans to shut down Alex Jones' Infowars media platform to pay $1.5 billion in lawsuit judgments for calling the Sandy Hook shooting a hoax. Jones anticipates a few more months of operation before closure.

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Bankruptcy trustee discloses plan to shut down Infowars and sell it for parts

A U.S. bankruptcy court trustee plans to shut down Alex Jones' Infowars media platform and liquidate its assets to pay the $1.5 billion in lawsuit judgments Jones owes for calling the 2012 Sandy Hook Elementary School shooting a hoax. Trustee Christopher Murray aims to conduct an orderly wind-down of Infowars' parent company without specifying a timeline. Jones anticipates a few more months of operation before closure due to bankruptcy but intends to continue broadcasting through other means. Murray seeks to halt the Sandy Hook families' collection efforts to facilitate the asset liquidation process. The families won significant verdicts against Jones for defamation related to the shooting. Jones' personal bankruptcy case was converted to liquidation, and the dismissal of the parent company's reorganization case shifts collection efforts to state courts. Jones, who filed for bankruptcy protection in 2022, is appealing the judgments while acknowledging the shooting's occurrence. The families, traumatized by Jones' conspiracy theories, face challenges in recovering the owed amounts.

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The First Hedge Fund

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A.W. Jones, the first hedge fund founded by Alfred Winslow Jones in 1949, revolutionized the industry with short-selling, leveraging, alpha, beta concepts, and practical strategies, shaping modern investment practices significantly.

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