It looks like freedom of speech isn't as costly as Alex Jones had originally thought it might be.
After being ordered to pay $1.5 billion to the families of Sandy Hook victims, Jones, who recently filed for bankruptcy, is now apparently only on the hook for a minimum of $85 million over ten years, which is quite the difference.
Yes, Jones is being offered a settlement of just $8.5 million per year over a ten year period. I'm hoping he'll be able to sell enough supplements in the meantime to make this happen.
Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to settle that debt for only pennies on the dollar — at least $85 million over 10 years.
The offer was made in Jones' personal bankruptcy case in Houston last week. In a legal filing, lawyers for the families said they believed the proposal was a viable way to help resolve the bankruptcy reorganization cases of both Jones and his company, Free Speech Systems.
Jones is under fire for his spending and "extravagant lifestyle," his refusal to sell assets, and failing to preserve the value of his holdings, but anyone in their right mind would act the same way in this situation. The important thing is that the families are now willing to settle for a minimum of $85 million over that ten year period.
The families' lawyers offered Jones two options: either liquidate his estate and give the proceeds to creditors, or pay them at least $8.5 million a year for 10 years — plus 50% of any income over $9 million per year.
During a court hearing in Houston, Jones' personal bankruptcy lawyer, Vickie Driver, suggested Monday that the $85 million, 10-year settlement offer was too high and unrealistic for Jones to pay.
Man, this is better than Judge Judy!
Personally, I hope this case drags on and on forever and we always get to talk about it. Maybe then Jones will be able to afford to pay up after all the free publicity.
I found this interesting as well:
Under the bankruptcy case orders, Jones had been receiving a salary of $20,000 every two weeks, or $520,000 a year. But this month, a court-appointed restructuring officer upped Jones' pay to about $57,700 biweekly, or $1.5 million a year, saying he has been "grossly" underpaid for how vital he is to the media company.
Bankruptcy Judge Christopher Lopez on Monday rejected the $1.5 million salary, saying the pay raise didn't appear to have been made properly under bankruptcy laws and a hearing needed to be held.
If Jones doesn't accept the families' offer, Lopez would determine how much he would pay the families and other creditors.
Man, free speech can be expensive, y'all. Watch what you're saying out there, fellow conspiracy theorists.
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