Bloomberg News reports:
Companies owned by far-right radio host Alex Jones are getting advice from restructuring advisers and considering options including a potential bankruptcy filing after being hit by lawsuits over Jones’s conspiracy theories, according to a person with knowledge of the matter.
A Chapter 11 filing would aim to allow Jones’s businesses, such as Infowars and Free Speech Systems, to keep operating while pausing civil litigation against them, said the person, who asked not to be identified because the discussions are private.
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The Sandy Hook families involved in the defamation lawsuit has accused conspiracy theorist Alex Jones of hiding millions of dollars in assets after they began taking him to court. https://t.co/b35Fu6NYOB
— Newtown Action Alliance (@NewtownAction) April 10, 2022