Alex Jones Offers Sandy Hook Families $55 Million

Alex Jones

Right-wing conspiracy theorist Alex Jones on Friday proposed a bankruptcy exit plan that offers to settle with Sandy Hook Elementary School shooting victims’ families by paying them at least $55 million over 10 years.

Bloomberg reports the amount represents at least $30 million less than what the families had proposed, and is a fraction of the roughly $1.4 billion judges ruled they’re owed in defamation judgments against Jones related to to his lies that the 2012 Sandy Hook Elementary School shooting was a hoax. Jones filed for bankruptcy protection a year ago, after the judgments.

Those who choose to settle with Jones would share in a pot of at least $5.5 million annually over 10 years, according to a Chapter 11 plan Jones filed with the US Bankruptcy Court for the Southern District of Texas on Friday. The plan requires court approval.

Beyond that annual minimum, family members who settle could receive all the disposable income from Jones’ bankrupt Infowars parent company, Free Speech System LLC, plus half of his own income over five years, and then a quarter of his income for the next five years, according to his plan.

In exchange for settling with Jones, Sandy Hook victim families would receive faster payments but wouldn’t be able to continue to chase him down after his plan for the full worth of their litigation claims, according to the proposal.

Families’ Competing Plan

The plan filed Friday contrasts with options laid out last month by victim families, which proposed that Jones wind down his bankruptcy by paying creditors at least $85 million over 10 years, or by liquidating his assets. Jones’ bankruptcy lawyer has called the creditors’ proposal unrealistic.

The Sandy Hook families, along with an official committee of Jones’ creditors, argued in court papers that the bankruptcy case for the right-wing radio host should end by February.