Sandy Hook Families Reach Settlement Over Alex Jones' Bankruptcy
The agreement resolves disputes over dividing Jones' assets, clearing the way for a new auction of his Infowars platform.
- Families of Sandy Hook victims have settled disagreements on how to divide proceeds from Alex Jones' bankruptcy case.
- The settlement allocates 75% of future payments to Connecticut families and 25% to Texas families, with $4 million paid to Texas families upfront.
- The agreement paves the way for a new auction of Infowars, following a judge's rejection of a previous sale to The Onion for $1.75 million.
- A new bid from First United American Companies, affiliated with Jones, has more than doubled its previous offer of $3.5 million.
- The bankruptcy trustee will evaluate competing bids, including an expected new offer from The Onion, before seeking court approval for a sale.