Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to settle that debt. Jones repeatedly claimed the 2012 Sandy Hook Elementary School shooting was a hoax on his show Infowars. He was sued by victims' families and ordered to pay nearly $1.5 billion in judgments. The families' lawyers offered Jones two options: either liquidate his estate and give the proceeds to creditors, or pay them at least $8.5 million a year for ten years — plus 50% of any income over $9 million per year. If Jones doesn't accept the families' offer, the bankruptcy judge would determine how much he would pay the families and other creditors.
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00:00 It's Benzinga and here's what's on the block.
00:02 Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist
00:07 Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to settle
00:11 that debt.
00:12 Jones repeatedly claimed that the 2012 Sandy Hook Elementary school shooting was a hoax
00:15 on his show Info Wars.
00:17 He was sued by victims' families and ordered to pay nearly $1.5 billion in judgments.
00:22 The family's lawyers offered Jones two options, either liquidate his estate and give the proceeds
00:25 to creditors or pay them at least $8.5 million a year for 10 years plus 50% of any income
00:31 over $9 million per year.
00:32 If Jones doesn't accept the family's offers, the bankruptcy judge would determine how much
00:36 he would pay the families and other creditors.
00:38 For all things money, visit Benzinga.com.
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