Conspiracy theorist Alex Jones takes the witness stand to testify at the Sandy Hook defamation damages trial at Connecticut Superior Court in Waterbury, Conn. Thursday, Sept. 22, 2022. A Texas judge has ruled that Jones cannot use bankruptcy protection to avoid paying nearly $1 billion to families who sued over his conspiracy theories that the Sandy Hook school massacre was a hoax. (Tyler Sizemore/Hearst Connecticut Media via AP, Pool, File)
A Texas judge has ruled that Infowars host Alex Jones cannot use bankruptcy protection to avoid paying more than $1.1 billion to families who sued over his conspiracy theories that the Sandy Hook school massacre was a hoax.
The decision is another significant defeat for Jones in the wake of juries in Texas and Connecticut punishing him over spreading falsehoods about the nation's deadliest school shooting. U.S. District Judge Christopher Lopez of Houston issued the ruling Thursday.
Jones filed for Chapter 11 bankruptcy protection last year and more recent financial documents submitted by his attorneys put his personal net worth around $14 million. But Lopez ruled that those protections do not apply over findings of “willful and malicious” conduct.
“The families are pleased with the Court’s ruling that Jones’s malicious conduct will find no safe harbor in the bankruptcy court," said Christopher Mattei, a Connecticut lawyer for the families. “As a result, Jones will continue to be accountable for his actions into the future regardless of his claimed bankruptcy.”
An attorney for Jones did not immediately return a message seeking comment Friday.
On his Infowars website, Jones posted a video saying the judge's ruling will have little practical effect because he is over $1 million in debt personally and has little to pay the Sandy Hook families. He also said he continues to appeal the verdicts.
“It’s all academic. I don’t have a million dollars,” he said. “My company has a few million, but that’s just to pay the bills and my product in the future. So we are literally on empty. So this idea that ... we’re going to take your money away doesn’t exist because the money doesn’t exist. It’s all political.
“At the end of the day, they won’t take my free speech away,” he said. “I’m still going to be on the air one way or another.”
After 26 people were killed by a gunman at Sandy Hook Elementary School in Newtown, Connecticut, in 2012, Jones made a false conspiracy theory a centerpiece of his programing on his flagship Infowars show. He has been telling his audience to donate to him and shop on the Infowars website so he can keep doing his program and pay his legal costs.
But Jones' personal spending topped $93,000 in July alone, including thousands of dollars on meals and entertainment, according to his monthly financial reports in the bankruptcy case. The spending stuck a nerve with Sandy Hook families as they have yet to collect any of the money that juries awarded them.
Sandy Hook families won nearly the $1.5 billion in judgments against Jones last year in lawsuits over repeated promotion of a false theory that the school shooting that ever happened.
The amount of money Jones owes Sandy Hook families could grow even larger. Another lawsuit is pending in Texas, brought by the parents of 6-year-old Noah Pozner, one of the children slain in the attack. A trial date has not yet been set.
Relatives of the victims testified at the trials about being harassed and threatened by Jones’ believers, who sent threats and even confronted the grieving families in person, accusing them of being “crisis actors” whose children never existed.
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
