Trading News

Alex Jones Is ‘Basically Broke for the Rest of His Life’ After Sandy Hook Verdict, Says Former U.S. Attorney

0

S&P 500

3,643.81

+66.78(+1.87%)

 

Dow 30

29,884.94

+674.09(+2.31%)

 

Nasdaq

10,550.70

+133.61(+1.28%)

 

Russell 2000

1,704.69

+16.92(+1.00%)

 

Crude Oil

88.91

+1.64(+1.88%)

 

Gold

1,673.20

-4.30(-0.26%)

 

Silver

18.83

-0.11(-0.60%)

 

EUR/USD

0.9781

+0.0072(+0.74%)

 

10-Yr Bond

3.9620

+0.0600(+1.54%)

 

GBP/USD

1.1338

+0.0239(+2.15%)

 

USD/JPY

147.2140

+0.3530(+0.24%)

 

BTC-USD

19,128.94

+25.53(+0.13%)

 

CMC Crypto 200

431.54

-0.99(-0.23%)

 

FTSE 100

6,850.27

+24.12(+0.35%)

 

Nikkei 225

26,237.42

-159.41(-0.60%)

 

Right-wing conspiracy figure Alex Jones’ company has already filed for bankruptcy protection, and it’s not clear how much of the staggering $965 million verdict reached Tuesday he’ll actually wind up paying to the 15 plaintiffs in the defamation case about his lies about the Sandy Hook Elementary school shooting.

Jones plans to appeal the massive monetary damages that a Connecticut jury ordered him to pay, which comes after a judgment against him in August awarding $49.3 million to the family of a Sandy Hook victim in a separate case in Texas.

But legal experts say Jones, founder of Infowars — which has been banned by all major internet services — is almost certainly ruined financially.

“We’re talking about such outsized numbers that even if he’s able to bob and weave some, I just don’t see how he winds up anything but basically broke now for the rest of his life,” Harry Litman, a former U.S. Attorney, said in an interview Tuesday with MSNBC. Litman currently is an associate with whistleblower law firm Constantine Cannon in San Francisco.

Jones was sued for defamation by several of the families of Sandy Hook victims after he had claimed the December 2012 shooting in Connecticut — in which 20 children and six adults were killed — was a “giant hoax” perpetrated by “crisis actors,” and that “no one died” in the massacre. He falsely accused the parents of the Sandy Hook victims of colluding with the government in an imagined plot to curtail Americans’ gun rights.

In the Texas case, Jones testified that he would be unable to afford to pay a jury award of even just $2 million. In the same case, economist Bernard Pettingill Jr. estimated Jones has a net worth of between $135 million and $270 million.

In July, Infowars’ parent company, Free Speech Systems, filed for Chapter 11 bankruptcy protection, revealing that the owners of Infowars had taken out more than $62 million from the business.

“Ain’t no money,” Jones said on his Infowars show Tuesday as the nearly $1 billion verdict was being read (via Mediaite). “Do these people actually think they’re getting any of this money?” He added that he “lost count” of the damages and began selling “vitamineral fusion” from the Infowars store in an effort to raise money.

Norm Pattis, Jones’ attorney, said he intends to appeal the Connecticut jury’s damages award. According to CNN, he called the decision a “dark day for freedom of speech.” “We disagree with the basis of the default, we disagree with the court’s evidentiary rulings,” Pattis said. “In more than 200 trials in the course of my career I have never seen a trial like this.”

Jones, 48, is “almost certainly the most prolific conspiracy theorist in contemporary America,” according to the Southern Poverty Law Center. In 2018, YouTube, Facebook, Spotify and Apple Podcasts banned Jones from their platforms, citing violations of their hate-speech policies.

Best of Variety

The Best Pop Culture Halloween Costumes for 2022: From ‘House of the Dragon’ to ‘Euphoria’

Constance Wu Gets Candid in Revealing New Memoir ‘Making a Scene’

What’s Coming to Netflix in October 2022

Advertisement

Bloomberg

Supreme Court Voices Concern Over California Humane-Pork Law

(Bloomberg) — US Supreme Court justices worried aloud about the implications of a new California humane-pork law, asking whether it might open the way for other states to try to impose their moral values beyond their borders.Most Read from BloombergHere’s How Weird Things Are Getting in the Housing MarketIt’s Official: The Fed’s in the RedHome Flippers Get Burned by US Housing Market’s Sudden SlumpThis Is What 7% Mortgages Will Do to the Housing MarketUkraine Latest: Biden Sees Putin as Both Ra

Bloomberg

Heirs to Richest Turks Put Fortunes Into Tech at Riskiest Moment

(Bloomberg) — As the eldest son of Turkey’s richest man, Yahya Ulker was destined to take over his family’s multi-billion dollar business. But the 29-year-old opted for a different path, supporting local startups and venture capitalists. Most Read from BloombergIntel Is Planning Thousands of Job Cuts in Face of PC SlumpHere’s How Weird Things Are Getting in the Housing MarketPutin Says All Infrastructure at Risk After Nord Stream HitAlex Jones Must Pay $965 Million for His Sandy Hook LiesAfter

The Daily Beast

Jimmy Kimmel Brutally Mocks Alex Jones’ ‘Hissy Fit’ Over $965 Million Verdict

ABC“Today was a rough day for the despicable and ridiculous Alex Jones,” Jimmy Kimmel said midway through his late-night monologue on Wednesday.The InfoWars founder was hit with nearly a billion dollars in damages by a Connecticut jury for spreading disinformation about the Sandy Hook elementary school shooting. “He tormented these families,” Kimmel, who has been an outspoken advocate for action on guns, said. “He accused them of faking their children’s deaths.”“Alex, of course, says he won’t pa

The Associated Press

McVay says Rams aren’t done chasing disappointed WR Beckham

THOUSAND OAKS, Calif. (AP) The Los Angeles Rams have not given up on re-signing Odell Beckham Jr., even if the injured receiver was decidedly unimpressed by their initial attempts to do so. Rams coach Sean McVay responded confidently to questions Wednesday about tweets from Beckham regarding his early contract negotiations with Los Angeles. Beckham made it clear he felt the Rams low-balled the pass-catching star who energized their offense after his midseason arrival.

CBS News Videos

GOP Senators campaign for Herschel Walker in Georgia race against Raphael Warnock

GOP Senators Rick Scott and Tom Cotton joined the campaign trail in Georgia, throwing their support behind Republican Senate candidate Herschel Walker. Walker will face his opponent, Senator Raphael Warnock, in a televised debate Friday. CBS News congressional correspondent Nikole Killion is in Carrollton, Georgia, following the race.

Associated Press

3 officers injured, suspect killed in Philadelphia shooting

Three Philadelphia police officers were shot and wounded at a home and a suspect was killed early Wednesday when a SWAT team tried to arrest a man wanted on a homicide charge, police said. The shooting occurred around 6:30 a.m., soon after officers tried to serve a warrant in North Philadelphia, said First Deputy Commissioner John Stanford. The 19-year-old suspect fired at officers through a window as they were attempting to knock on the front door, Stanford said.

Bloomberg

Rents Accelerate Most Since 1990, Keeping US Cost of Living High

(Bloomberg) — Housing costs shifted into overdrive last month and risk becoming an enduring source of US inflation.Most Read from BloombergCore US Inflation Rises to 40-Year High, Securing Big Fed HikeIntel Is Planning Thousands of Job Cuts in Face of PC SlumpHere’s How Weird Things Are Getting in the Housing MarketStocks Roar Back From Inflation-Triggered Losses: Markets WrapWorld Faces New Threats From Fast-Mutating Omicron VariantsRent of shelter and owners’ equivalent rent each accelerated

Reuters

U.S. grocer Kroger in talks to merge with rival Albertsons – Bloomberg News

A deal would create a combined company with a market valuation of about $47 billion and would be one of the biggest in recent years in the retail space. Shares of Albertsons rose 7% on the report, while Kroger’s stock slipped. Kroger, which also houses supermarket chains such as Fred Meyer, Ralphs and King Soopers, trails Walmart Inc, the top grocer in the country.

Bloomberg

DOJ Asks Supreme Court to Reject Trump Classified Records Review

(Bloomberg) — The Justice Department on Tuesday urged the US Supreme Court stay out of the Mar-a-Lago documents dispute and reject Donald Trump’s bid to have an outside special master review more than 100 records with classified markings.Most Read from BloombergHere’s How Weird Things Are Getting in the Housing MarketIntel Is Planning Thousands of Job Cuts in Face of PC SlumpUS Core Inflation Seen Returning to 40-Year High as Rents RiseA First Look at the Ritz-Carlton Superyacht: PhotosPutin Sa

Stocks making the biggest moves midday: Digital World, Domino’s, Revlon, Albertsons and more

Previous article

Why Stocks Swung 5% in One Day

Next article

You may also like

Comments

Leave a reply

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

More in Trading News