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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
FinanceInfowars

Alex Jones’s Infowars files for bankruptcy amid flurry of Sandy Hook lawsuits

By
Rachel Butt
Rachel Butt
,
Jeremy Hill
Jeremy Hill
, and
Bloomberg
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By
Rachel Butt
Rachel Butt
,
Jeremy Hill
Jeremy Hill
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Bloomberg
Bloomberg
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April 18, 2022, 3:42 AM ET
Alex Jones, host of Infowars, an extreme right-wing program that often trafficks in conspiracy theories, arrives at a "Stop the Steal" rally against the results of the U.S. Presidential election outside the Georgia State Capitol on Nov. 18, 2020 in Atlanta.
Alex Jones, host of Infowars, an extreme right-wing program that often trafficks in conspiracy theories, arrives at a "Stop the Steal" rally against the results of the U.S. Presidential election outside the Georgia State Capitol on Nov. 18, 2020 in Atlanta.Elijah Nouvelage—Getty Images
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Companies owned by far-right radio host Alex Jones filed for bankruptcy after being hit by a flurry of lawsuits. 

Three entities, including his website Infowars, sought Chapter 11 protection in Southern Texas, each with estimated liabilities of as much as $10 million, according to court filings. Chapter 11 filings allow a business to keep operating while working on a turnaround plan, and pause pending civil litigation. 

Jones and his companies last year were found liable in a defamation lawsuit brought by relatives of children killed in the 2012 Sandy Hook school massacre after Jones called the shootings a hoax. A trial in Connecticut to determine the size of the damages has yet to take place. He was also found liable in similar proceedings in Texas.

Lawyers representing Jones and his businesses have said the defamation lawsuit was strategically filed to silence their free speech on matters of public interest, according to court filings.

Judges in Connecticut and Texas issued default judgments against Jones after he failed to turn over documents including financial information. Pattis & Smith said the plaintiffs’ probe into the financial ties between Jones and his various entities is akin to a “collections action” and a “fishing expedition.”

In March, lawyers representing relatives of Sandy Hook shooting victims sought an arrest order for Jones after he skipped a court-ordered deposition, citing health reasons. Jones appeared for the deposition after facing hefty fines.

The cases are InfoW LLC 22-60020, IWHealth LLC 22-60021, Prison Planet TV LLC 22-60022. U.S. Bankruptcy Court, Southern District of Texas. 

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