Infowars Files for Bankruptcy

Facts

• Three entities owned by Alex Jones, including Infowars, filed an emergency request for Chapter 11 bankruptcy on Sun., as the controversial media host faces several lawsuits and estimated liabilities of as much as $10M.¹
• Filing for Chapter 11 allows companies to continue operating while they formulate a plan to save their businesses; it also pauses any pending civil litigation.²
• Jones faces multiple lawsuits from the parents of the victims of the Sandy Hook shooting, against whom he made the (now retracted) accusation of being 'crisis actors' involved in a false flag operation.³
• Over the last year, Jones was found liable for damages in at least three defamation cases brought by families of the victims. Several other suits are still pending.⁴
• In the wake of the verdict, Jones attempted to settle with the families but they rejected his offer.⁵
• Before filing for bankruptcy, Jones failed to show up to a court-mandated deposition near his home in Austin, Texas.⁶

Sources: ¹Axios, ²New York Post, ³Vice, ⁴Daily Wire, ⁵Independent (a) and ⁶Independent (b).

Narratives

• Pro-establishment narrative, as provided by Independent. Alex Jones is a notorious grifter who has spread damaging conspiracy theories for profit. He even later admitted that the Sandy Hook shooting actually happened and wasn't committed by 'crisis actors.' Hopefully this will be the end of his dangerous public platform.
• Establishment-critical narrative, as provided by InfoWars. The Democrat-funded lawsuits against Jones are a conspiracy to silence him. Infowars offers an alternative to the mainstream media, and thus it has been targeted by the alliance of left-wing radical Democrats and globalists.