Alex Jones seeks $1.3 million salary in Infowars bankruptcy By Reuters

[ad_1]


© Reuters. FILE PHOTO: Infowars founder Alex Jones speaks to the media after appearing at his Sandy Hook defamation trial at Connecticut Superior Court in Waterbury, Connecticut, U.S., October 4, 2022. REUTERS/Mike Segar

By Dietrich Knauth

(Reuters) – Conspiracy theorist Alex Jones on Monday asked a judge to allow him to take a $1.3 million annual salary from the bankrupt parent company of his Infowars’ website.

Jones and his company, Free Speech Systems LLC, both went bankrupt in recent months as they owe families of the 2012 Sandy Hook mass shooting a total of $1.5 billion in damages for falsely claiming the massacre was a hoax. Jones has said he cannot pay those judgments, which came after back-to-back defamation trials in Texas and Connecticut.

Jones drew a $1.3 million salary from Free Speech Systems before its bankruptcy, and his attorney asked U.S. Bankruptcy Judge Christopher Lopez to restore his salary to that level at a hearing Monday.

Jones has been paid a reduced biweekly salary of $20,000 since his company filed for bankruptcy on July 29, just over a third of what he had been paid before, according to his court filing.

Free Speech System’s monthly revenue has dropped to $1.9 million from pre-bankruptcy levels of $6 million to $7 million, attorneys from the company said, adding that it currently has about $1.8 million in cash.

“We’ve really got to get back to that level of production to make this a profitable company and try to pay back our creditors,” Jones’ attorney Vickie Driver said.

Marty Brimmage, an attorney for the Sandy Hook families, opposed Jones’ request for an increased salary.

Lopez said he is “open to increasing” Jones’ pay but did not have enough evidence to make a ruling yet.

Jones claimed for years that the 2012 killing of 20 students and six staff members at Sandy Hook Elementary School in Newtown, Connecticut was staged as part of a government plot to seize Americans’ guns. He has since acknowledged the shooting occurred, but plaintiffs said Jones cashed in for years off his lies about the massacre and subjected them to harassment and stalking by his followers.

[ad_2]

Source link

Related Posts

Former Domino’s Pizza CEO Richard Allison received nearly $10,000 in free in two years.

[ad_1] Forget having a driver and free dry cleaning. If you want to talk about the ultimate executive perk, look no further than former Domino’s Pizza CEO…

Meta to lay off 10,000 more workers after initial cuts in November

[ad_1] Facebook Chairman and CEO Mark Zuckerberg testifies before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and…

Puma Biotech Announces Publication of Phase II Clinical Trial of Alisertib in JAMA Oncology By Investing.com

[ad_1] Puma Biotech (PBYI) Announces Publication of Phase II Clinical Trial of Alisertib in JAMA Oncology Puma Biotechnology, Inc. (NASDAQ:), a biopharmaceutical company, announced that the results…

Joe Biden to visit Ireland on anniversary of Good Friday Agreement

[ad_1] US president Joe Biden has said it is his “intention” to go to Northern Ireland to mark the 25th anniversary of the Good Friday Agreement, after…

Biden’s ability to avert SVB contagion will test his claim that his administration represents competence in contrast to Trump’s chaos

[ad_1] In 2016, Vice President Joe Biden warned against efforts to unravel banking regulations that Democrats had fought to implement following the nation’s financial crisis, just as the…

Credit Suisse shares sink further 5% as ‘material weaknesses’ found in financial reporting

[ad_1] The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse on Tuesday said its…

Leave a Reply

Your email address will not be published. Required fields are marked *