Alex Jones owned media firm files for bankruptcy amid Sandy Hook defamation trial

Texas-based conspiracy theorist Alex Jones-owned company Free Speech Systems has filed for bankruptcy. Free Speech Systems that looks after Jones' InfoWars media system has listed $14.3 million in assets. The company also listed a liability of $79, including a $54m debt they owe PQPR Holdings.

This came even as a trial is underway to determine how much compensation the Alex Jones will pay the parents of a Sandy Hook shooting victim.

The trial in Texas' Austin concerns the amount of money Jones should pay to the family of Jesse Lewis (6), who was one of the six educators and 20 children who lost their lives in the mass shooting.


Jones has been accused of intentionally defaming and causing emotional distress to the parents, Neil Heslin and Scarlett Lewis, by calling the mass shooting a hoax. He claimed the parents are lying and might be government conspirators who want to crack down on gun rights.

The parents have sought $150 million in damages and the possibility of getting additional punitive damages that the Jurors will assess after seeing Jones and Free Speech's net worth.

A hearing is scheduled on Monday at 8:30 am in a federal bankruptcy court in Houston.

Separate trial
A couple of Sandy Hook families filed a separate lawsuit earlier this year. They accused Jones of hiding millions in assets systematically.

The accusation also included a lie on the company's part that said they had a debt of $54 million. The accusation is that PQPR is a company registered in Nevada and is directly or indirectly owned by Jones, his children, and his parents through shell entities. It is still early stages of the lawsuit.