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The Onion’s bid to buy Infowars is rejected in court (www.motherjones.com)

submitted 9 hours ago by [email protected] to c/[email protected]

14 comments fedilink hide all child comments

After a grueling hearing that stretched over two days, a federal bankruptcy judge declined to approve the sale of Infowars to Global Tetrahedron, LLC, the Onion’s parent company late on Tuesday.

Last month, Infowars was sold at bankruptcy auction to the company; Onion CEO Ben Collins said they planned to relaunch the conspiracist site as a parody of itself. Instead, the ruling by Christopher Lopez, a bankruptcy judge in Texas’ Southern District, means the auction will be overturned and no new auction will be held. The judge ordered the US trustee who oversaw the bankruptcy process and auction to report back to the court in 30 days with a new plan to bring the case to a close.

Despite a good faith effort by the trustee to maximize profits for the Sandy Hook families, who are Jones’ biggest creditors, in making his ruling Lopez held that “the process fell down.”

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[–] [email protected] 3 points 8 hours ago (1 children)

As much as I wish for the poetic justice of Infowars being sold to The Onion, as long as the families feel like they got justice at the end of this, I won't complain.

[–] [email protected] 45 points 8 hours ago (3 children)

The families apparently wanted The Onion to win the bid. The judge is the one standing in the way while claiming to be acting in the families' best interests.

From the AP's article on this topic:

[Judge] Lopez said the auction outcome “left a lot of money on the table” for families.
“You got to scratch and claw and get everything you can for them,” Lopez said.

Christopher Mattei, a lawyer for the Sandy Hook families who sued Jones in Connecticut, said they were disappointed in the judge’s ruling.

[–] [email protected] 17 points 7 hours ago

That's why this is so awful, this wasn't about the money. The families want to shut Alex down so he can't do this to other families. I'm still so thankful for the The Onion trying to step up and do it for them.

[–] Xanis 14 points 8 hours ago* (last edited 8 hours ago) (1 children)

The original ruling showed pretty plainly that the overall compensation easily matched or exceeded their opponent's offer. This judge must believe a bulk payment means more, or he's an idiot.

[–] [email protected] 13 points 8 hours ago (1 children)

He's corrupt.

[–] Xanis 1 points 4 hours ago

Oh yeah wait: Texas.

My bad.

[–] [email protected] 5 points 8 hours ago (1 children)

I agree with you, just putting it out there that this is justice for them, not us.

Alex Jones deserves every bad thing coming to him, but I'll only be ultimately happy if the families are happy. If they get more money but aren't happy with who buys Infowars, I will be unhappy with them.

[–] [email protected] 3 points 7 hours ago

I 100% agree.