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This is so great.  The Sandy Hook families bid part of their debt so that The Onion could pull this off.  They got his ass in the end.  I was so afraid his cronies were going to get it and it would be business as usual.  Not so fast, asshole!

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Just got my confirmation email from The Onion.

Quote

Your Onion membership allows you to peel back the curtain and access stories that you always suspected to be true, but never had the proof. Now you do.

For example: Does the 1% rule the world? Yes. Can you do anything about it? No. Will recycling help? Also no.

 

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3 minutes ago, Brisketexan said:

Man.  You really need to be respectful of our incoming Minister of Truth and Information, and Czar of Penalizing the Lugenpresse.  He WILL be monitoring your posts here.

With all due respect, I'll salute the man! I'll give him the middle-finger salute! I'll respect him so much I'll salute him with BOTH HANDS!

I did say "with all due respect."

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On Thursday morning, it was announced that the Onion had bought InfoWars at Jones’s bankruptcy auction.

But later that day, the judge overseeing Jones’s bankruptcy case held an emergency hearing, during which lawyers representing Jones and a company affiliated with him expressed concerns about the auction process. The judge has ordered an evidentiary hearing for next week to determine if the auction was conducted fairly, which could delay the process.

“We’re all going to an evidentiary hearing and I’m going to figure out exactly what happened,” the judge, Christopher Lopez, said in an emergency hearing on Thursday afternoon. “No one should feel comfortable with the results of this auction.”

The only other bidder was First United American Companies, a company that is affiliated with one of Jones’s product-selling websites.

At the emergency hearing on Thursday, a lawyer for First United American Companies took issue with the auction process, noting that no bidding round was held on Wednesday for rival parties, and that only sealed bids submitted the previous week were considered.

But the trustee who oversaw the auction said he followed the judge’s rules laid out in a September order, which made the overbidding round optional.

The exact bid amount offered by the Onion for InfoWars remains unknown, but it has been reported it was lower than First United American’s bid of $3.5m. The Onion’s offer was seen as a better deal because some of the related Sandy Hook families agreed to forgo a portion of the sale proceeds to help pay off Jones’s other creditors.

It was reported on Thursday that the Onion’s purchase of InfoWars received support from families of Sandy Hook shooting victims, to whom Jones owes $1.4bn in defamation judgments after he falsely claimed the 2012 school massacre was a hoax.

In a statement on Friday to Variety, Ben Collins, the CEO of the Onion’s parent company, said: “the joint bid from Global Tetrahedron and the Connecticut families has been selected as the winning bid for Infowars”, adding “the sale is currently underway, pending standard processes.”

On Thursday, after the Onion was announced as a winning bidder, the InfoWars site appeared to be down, and the site displayed a message stating that it was “unavailable until further notice”. But by Friday afternoon it was back online and running in its usual style with Jones claiming that the auction was a “hoax”.

In a post, InfoWars wrote: “We are back”. Soon after, Jones posted: “The InfoWars site has been RESTORED in a massive blow to the Deep State.”

If the sale goes through the Onion has said that it plans to rebuild the InfoWars website to feature internet humor writers and content creators.

Jones said in his live stream: “InfoWars is back up for now, it’s being given back to the rightful owner – yours truly.”

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50 minutes ago, Foosters said:

On Thursday morning, it was announced that the Onion had bought InfoWars at Jones’s bankruptcy auction.

But later that day, the judge overseeing Jones’s bankruptcy case held an emergency hearing, during which lawyers representing Jones and a company affiliated with him expressed concerns about the auction process. The judge has ordered an evidentiary hearing for next week to determine if the auction was conducted fairly, which could delay the process.

“We’re all going to an evidentiary hearing and I’m going to figure out exactly what happened,” the judge, Christopher Lopez, said in an emergency hearing on Thursday afternoon. “No one should feel comfortable with the results of this auction.”

The only other bidder was First United American Companies, a company that is affiliated with one of Jones’s product-selling websites.

At the emergency hearing on Thursday, a lawyer for First United American Companies took issue with the auction process, noting that no bidding round was held on Wednesday for rival parties, and that only sealed bids submitted the previous week were considered.

But the trustee who oversaw the auction said he followed the judge’s rules laid out in a September order, which made the overbidding round optional.

The exact bid amount offered by the Onion for InfoWars remains unknown, but it has been reported it was lower than First United American’s bid of $3.5m. The Onion’s offer was seen as a better deal because some of the related Sandy Hook families agreed to forgo a portion of the sale proceeds to help pay off Jones’s other creditors.

It was reported on Thursday that the Onion’s purchase of InfoWars received support from families of Sandy Hook shooting victims, to whom Jones owes $1.4bn in defamation judgments after he falsely claimed the 2012 school massacre was a hoax.

In a statement on Friday to Variety, Ben Collins, the CEO of the Onion’s parent company, said: “the joint bid from Global Tetrahedron and the Connecticut families has been selected as the winning bid for Infowars”, adding “the sale is currently underway, pending standard processes.”

On Thursday, after the Onion was announced as a winning bidder, the InfoWars site appeared to be down, and the site displayed a message stating that it was “unavailable until further notice”. But by Friday afternoon it was back online and running in its usual style with Jones claiming that the auction was a “hoax”.

In a post, InfoWars wrote: “We are back”. Soon after, Jones posted: “The InfoWars site has been RESTORED in a massive blow to the Deep State.”

If the sale goes through the Onion has said that it plans to rebuild the InfoWars website to feature internet humor writers and content creators.

Jones said in his live stream: “InfoWars is back up for now, it’s being given back to the rightful owner – yours truly.”

I'm unreasonably angry about this.

This was the only good news I'd heard all week, and now it's getting taken away from me.

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44 minutes ago, Rimbo said:

I'm unreasonably angry about this.

This was the only good news I'd heard all week, and now it's getting taken away from me.

Pace yourself. We've got at least 4 years of a completely unsatisfying, no one gets what's coming to them, bang your head against the wall, you've got to be shitting me reality.

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7 minutes ago, aggie08 said:

Pace yourself. We've got at least 4 years of a completely unsatisfying, no one gets what's coming to them, bang your head against the wall, you've got to be shitting me reality.

Star Trek Spock GIF

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2 hours ago, Foosters said:

On Thursday morning, it was announced that the Onion had bought InfoWars at Jones’s bankruptcy auction.

But later that day, the judge overseeing Jones’s bankruptcy case held an emergency hearing, during which lawyers representing Jones and a company affiliated with him expressed concerns about the auction process. The judge has ordered an evidentiary hearing for next week to determine if the auction was conducted fairly, which could delay the process.

“We’re all going to an evidentiary hearing and I’m going to figure out exactly what happened,” the judge, Christopher Lopez, said in an emergency hearing on Thursday afternoon. “No one should feel comfortable with the results of this auction.”

The only other bidder was First United American Companies, a company that is affiliated with one of Jones’s product-selling websites.

At the emergency hearing on Thursday, a lawyer for First United American Companies took issue with the auction process, noting that no bidding round was held on Wednesday for rival parties, and that only sealed bids submitted the previous week were considered.

But the trustee who oversaw the auction said he followed the judge’s rules laid out in a September order, which made the overbidding round optional.

The exact bid amount offered by the Onion for InfoWars remains unknown, but it has been reported it was lower than First United American’s bid of $3.5m. The Onion’s offer was seen as a better deal because some of the related Sandy Hook families agreed to forgo a portion of the sale proceeds to help pay off Jones’s other creditors.

It was reported on Thursday that the Onion’s purchase of InfoWars received support from families of Sandy Hook shooting victims, to whom Jones owes $1.4bn in defamation judgments after he falsely claimed the 2012 school massacre was a hoax.

In a statement on Friday to Variety, Ben Collins, the CEO of the Onion’s parent company, said: “the joint bid from Global Tetrahedron and the Connecticut families has been selected as the winning bid for Infowars”, adding “the sale is currently underway, pending standard processes.”

On Thursday, after the Onion was announced as a winning bidder, the InfoWars site appeared to be down, and the site displayed a message stating that it was “unavailable until further notice”. But by Friday afternoon it was back online and running in its usual style with Jones claiming that the auction was a “hoax”.

In a post, InfoWars wrote: “We are back”. Soon after, Jones posted: “The InfoWars site has been RESTORED in a massive blow to the Deep State.”

If the sale goes through the Onion has said that it plans to rebuild the InfoWars website to feature internet humor writers and content creators.

Jones said in his live stream: “InfoWars is back up for now, it’s being given back to the rightful owner – yours truly.”

So literally just Infowars complaining to the judge about the rules the judge set and they agreed to, and the judge is siding with the complaintant? What the fuck?

I need a surlylawyer to come in here and tell my why I'm a fascist for thinking anything could possibly happen to this scumbag

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11 minutes ago, Captainant said:

I need a surlylawyer to come in here and tell my why I'm a fascist for thinking anything could possibly happen to this scumbag

lmao

figure it out yourself. attorneys are all fascist enablers, as you never fail to remind us

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1 hour ago, Captainant said:

So literally just Infowars complaining to the judge about the rules the judge set and they agreed to, and the judge is siding with the complaintant? What the fuck?

I need a surlylawyer to come in here and tell my why I'm a fascist for thinking anything could possibly happen to this scumbag

I don't know what specific irregularity they pointed to or what evidence they brought forward, but it was at least enough to cast some doubt on the process.  I can tell you this, the bankruptcy bar - bankruptcy judges, trustees and lawyers - run a pretty tight ship.  It sounds to me like there is some misunderstanding, or a pretend misunderstanding by the Alex Jones camp, about the auction rules the judge set.  The trustee attempted to follow them, but may have misinterpreted those rules if the Jones people are right.

It probably don't make a shit because they would just do the auction over again, unless there was some serious malfeasance by the trustee and/or the winning bidders. Short of that, the same group would win it.

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16 minutes ago, Ojo Rojo said:

I don't know what specific irregularity they pointed to or what evidence they brought forward, but it was at least enough to cast some doubt on the process.  I can tell you this, the bankruptcy bar - bankruptcy judges, trustees and lawyers - run a pretty tight ship.  It sounds to me like there is some misunderstanding, or a pretend misunderstanding by the Alex Jones camp, about the auction rules the judge set.  The trustee attempted to follow them, but may have misinterpreted those rules if the Jones people are right.

It probably don't make a shit because they would just do the auction over again, unless there was some serious malfeasance by the trustee and/or the winning bidders. Short of that, the same group would win it.

It reads to me more as sour grapes because Jones and his camp were expecting to be able to rebuy the asset at auction. "Just redoing" an auction is a big fuckin deal, and would significantly change the bidding once everyone knows what the winning bid was - especially since it was a sealed bidding process

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2 hours ago, Captainant said:

So literally just Infowars complaining to the judge about the rules the judge set and they agreed to, and the judge is siding with the complaintant? What the fuck?

I need a surlylawyer to come in here and tell my why I'm a fascist for thinking anything could possibly happen to this scumbag

I'm not going to call you a fascist.  I'm using your post to quote for no better reason than to say that I think this whole story is a bit.  It's the Onion.  Maybe I'm wrong, but this feels like a bit.  If it is, it's brilliant.  This is precisely the first thing I would do if I were in charge of the Onion after it bought infowars. 

 

If not, WTF.  Shouted down from Brisketexan's ledge.

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31 minutes ago, Captainant said:

It reads to me more as sour grapes because Jones and his camp were expecting to be able to rebuy the asset at auction. "Just redoing" an auction is a big fuckin deal, and would significantly change the bidding once everyone knows what the winning bid was - especially since it was a sealed bidding process

The families have $1.4 billion to play with.  From my read, none of them care about the money and they don't expect to get pennies on the dollar anyway.  So they can bid up to $1.4 billion plus whatever actual cash The Onion is kicking in, which has to be something so that the other creditors can get paid something.

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19 minutes ago, Ojo Rojo said:

The families have $1.4 billion to play with.  From my read, none of them care about the money and they don't expect to get pennies on the dollar anyway.  So they can bid up to $1.4 billion plus whatever actual cash The Onion is kicking in, which has to be something so that the other creditors can get paid something.

Yeah from what I can tell, short of reading the order. in accordance with the auction rules, the Trustee took sealed bids, with an option to do overbidding the following day, which would have been an open-bid style auction.  He declined to do that.  There were two sealed bids, one from an entity associated with Jones' supplement sales for 3.5M cash and one from the Onion that was less cash and some credit from the plaintiffs.

So, the judge needs to figure out why the overbidding round was blown off.

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Ok, what the fuck is going on

https://www.nbcnews.com/business/business-news/elon-musk-x-corp-alex-jones-infowars-rcna180487

 
Nov. 16, 2024, 4:01 PM CST
By Rob Wile

Attorneys for X Corp., the firm established by Elon Musk to take over Twitter, filed a notice of appearance on Thursday in the bankruptcy case of Alex Jones and his Infowars platform.

The new owners of satirical news site The Onion had been declared the successful bidders for Jones controversial platform, alongside families of the Sandy Hook massacre victims.

 

But this week, the Texas bankruptcy judge overhearing the case voiced concerns about the transparency of the auction process and called for a new hearing to discuss those potential issues.

“Nobody should feel comfortable with the results of the auction,” Judge Christopher M. Lopez said, according to a Bloomberg News report.

The X Corp. filing, dated Nov. 14 and first reported by Mother Jones, does not disclose the purpose of X’s appearance, other than to state the rights reserved to it as an interested party, and to request all relevant documents in the case.

Attorneys for X listed in the filing did not respond to a request for comment. A lawyer representing The Onion also did not respond to a request for comment.

Both Musk and Jones are known allies of President-elect Donald Trump. Musk has allowed Infowars to broadcast on X while Infowars’ fate is in limbo.

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I don't know what specific irregularity they pointed to or what evidence they brought forward, but it was at least enough to cast some doubt on the process.  I can tell you this, the bankruptcy bar - bankruptcy judges, trustees and lawyers - run a pretty tight ship.  It sounds to me like there is some misunderstanding, or a pretend misunderstanding by the Alex Jones camp, about the auction rules the judge set.  The trustee attempted to follow them, but may have misinterpreted those rules if the Jones people are right.
It probably don't make a shit because they would just do the auction over again, unless there was some serious malfeasance by the trustee and/or the winning bidders. Short of that, the same group would win it.

lol. SD TX begs to differ.
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  • 2 weeks later...

Interesting update

https://www.nbcnews.com/business/business-news/judge-review-alex-jones-attempt-block-infowars-sale-onion-rcna181377

Another bidder, First United American Companies, a limited liability company affiliated with Jones' dietary supplements business, had challenged the results of the auction after it said it bid twice as much cash as the Onion.

...

But First United American Companies quickly contested the results, saying in an emergency filing attempting to block the sale that it had offered $3.5 million in cash — compared to the Onion's $1.75 million.

The auction process approved by Lopez did not require Murray to automatically select the bidder that submitted the highest amount, and the trustee could reject the bid that was "contrary to the best interests" of the estate creditors.

"I want a fair and transparent process, and let's see where that process goes," Lopez said, adding, "Everyone will have their day in court."

At a prior court hearing following the auction, Murray said, "the creditors ended up significantly better off" under the Onion's bid. He also explained in a filing that the majority of Sandy Hook families were willing to forgo their share of the sale proceeds and instead take a percentage from future revenues from a revamped Infowars, which would allow the other creditors to collect more money.

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6 minutes ago, Captainant said:

Interesting update

https://www.nbcnews.com/business/business-news/judge-review-alex-jones-attempt-block-infowars-sale-onion-rcna181377

Another bidder, First United American Companies, a limited liability company affiliated with Jones' dietary supplements business, had challenged the results of the auction after it said it bid twice as much cash as the Onion.

...

But First United American Companies quickly contested the results, saying in an emergency filing attempting to block the sale that it had offered $3.5 million in cash — compared to the Onion's $1.75 million.

The auction process approved by Lopez did not require Murray to automatically select the bidder that submitted the highest amount, and the trustee could reject the bid that was "contrary to the best interests" of the estate creditors.

"I want a fair and transparent process, and let's see where that process goes," Lopez said, adding, "Everyone will have their day in court."

At a prior court hearing following the auction, Murray said, "the creditors ended up significantly better off" under the Onion's bid. He also explained in a filing that the majority of Sandy Hook families were willing to forgo their share of the sale proceeds and instead take a percentage from future revenues from a revamped Infowars, which would allow the other creditors to collect more money.

Ok this makes some sense.  The Onion's bid was less cash money than First American's.  But the Trustee, in the court's order, retained business judgment to choose among the bids.  So, now the only question is really whether the business judgment is defensible.

Also, the appearance of X is explained here.https://apnews.com/article/alex-jones-infowars-auction-onion-newtown-8352f1e442c5d37f64a798416ff5afa8

Also Monday, lawyers for the social media platform X objected to any sale of the accounts of both Jones and Infowars, saying X is the owner of the accounts and it has not given consent for them to be sold or transferred. Jones’ personal X account, with 3.3 million followers, was not part of the auction, but Lopez will be deciding if it should be included in the liquidation.

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