Alex Jones’ Media Company Reorganization Doubtful, Trustee Says

Date:

The parent company of Alex Jones’ Infowars program appears unlikely to reorganize in bankruptcy following an irreparable feud between the company’s chief officer and lead attorney, a court-appointed trustee said.

Efforts to rehabilitate Free Speech Systems LLC in Chapter 11 are about to fail, trustee Melissa Haselden told the US Bankruptcy Court for the Southern District of Texas in a one-page brief on Sunday. The trustee’s statement comes as Free Speech’s chief restructuring officer, Patrick Magill, is asking to replace lead attorney Ray Battaglia after both men said their relationship was “fundamentally broken.”

The dispute, which was recently made public in a series of heavily-redacted briefs, is raising questions about the company’s path out of bankruptcy and bid to settle about $1.5 billion in claims held by the families of Sandy Hook School shooting victims through a Chapter 11 plan. The company is scheduled to…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...