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Bankruptcy judge rejects sale of Infowars to The Onion

nytimes.com

651–660 of 1001 posts

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#651

I really don't understand how a judgement this large can be reasonable in a case where nobody has had his house burned down. A billion dollars is ten billion crowns, that's 10 000 million crowns, or around 5 000 apartments. I don't understand how 5 000 apartments can be a judgement handed out to an individual over something he says. It doesn't really matter what he says, when it's this kind of huge amounts. One can't…

Because damages are easy to calculate - how much money did Jones make from intentionally lying about the victim? That money is the result of him selling their repuation without their consent - the market decided what the value of that act was.

Sooooooooo, if release a YouTube video defaming someone, and only made $0.35 off ad revenue, I only did $0.35 in damage?

Definitely how that works.

If I burn down somebody's house and sell tickets to watch, the damages are easy to calculate! It's just my ticket revenue! THE MARKET DECIDED!

Gotta give you some credit though, you beat out some real competition for dumbest take in the thread.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#652

Earlier quoted context omitted.

The crime was defamation and there was an entire court case about it which was upheld on appeal. Alex got his day(s) in court and he lost and now is in the finding out phase of fucking around. The people who harassed these families did so only because of the lies perpetuated by Alex Jones. He knew this to be the case and doubled and tripled down on it. If I figured out who you were, told millions of people your name,…

[flagged]

> Did they chase down their harassers?

Yes. You seem to have not bothered to do any research on something you have so much to say about.

https://en.wikipedia.org/wiki/Sandy_Hook_Elementary_School_s...

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#653
post #435

Earlier quoted context omitted.

Showing up isn't what he got in trouble and received a default judgement for was was not complying with discovery. He was required to produce certain things like messages about certain topics and financial records. For some topics they returned no records and later when the full phone record was sent by mistake there were texts with the keywords from the discovery request. Some documents they simply refused to produc…

This is like getting accused of murder, and the judge finding you guilty because you didn't produce knife during discovery, the prosecution said you had. Just absurd. Then skipping ahead to the sentencing, and the judge telling your lawyers that if you testify you're not guilty to the jury, he'll find you and your lawyers in contempt (jail-able offence). While lining up a long list of crying victims to tell the jury…

That's far from what actually happened to Jones and also you're mixing metaphors of criminal and civil trials which are very very different in the US. There were years between the start of the trial and the default judgements and the behavior extended beyond just failing to produce requested files people legitimately don't have requested records all the time in litigation and they do not suffer the same outcome because they properly cooperate with the process and demonstrate they they do not have the documents instead of refusing to provide them.

Jones lied and continues to lie to this day about why he lost the case because it's a liar and a con man and the claim he's persecuted unfairly helps him sell his supplements to his audience.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#654

Earlier quoted context omitted.

Nah it's just typical rich people getting away with everything stuff & we'll continue to let it happen because we are hapless.

It does really appear that America's getting her own, homegrown oligarchs.

We've had them for a long time; basically the only time we've tried to reduce their power was the Great Depression and post-WWII era, but since the 70s we've been letting them off the leash.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#655
post #628

Earlier quoted context omitted.

The people who saw all the information and heard from the parties involved made that decision. You are saying they are wrong based on a feeling.

It was a default judgement. No trial took place and there was no ability for the jury to see evidence from both sides. The monetary amount was absolutely based on feelings.

They heard testimony, including Jones'. The fact that they weren't able to see evidence from the other side is because they refused to give any.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#656

Earlier quoted context omitted.

Stealing from an earlier comment of mine [1] in case you want to read the comments. Alex Jones declared in court that his show reaches about a hundred million people. If that's true then he's paying $10 for every person who heard him defaming the families of dead children. This would be the same principle as those fines in Nordic countries sometimes that depend on how rich someone is. If you can influence one hundred…

Yeah, we don't have that in Sweden except for criminal acts, and then the fines are a certain number of days of your income as a substitute for imprisonment. In civil cases our judgements are usually not enormous. I don't feel that your reasoning above makes the judgement more reasonable. Maybe he does reach that many people, but he obviously makes nowhere near that amount of money and it's out of line with other def…

> Yeah, we don't have that in Sweden except for criminal acts

Sweden isn't the only Nordic country.

Just look up speeding tickets in Finland and Norway.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#657
post #237
post #227

Earlier quoted context omitted.

While that is terrible, I don't know if you can argue it is terrible to the tune of what they've done to Jones. Every major media outlet has some instances of, effectively, targeted harassment in their history. Whether the public endorses that harassment is more a question of how effective the reporters are than anything else. It makes sense that Jones would lose the case, but the scale of the judgements was eye wate…

> Every major media outlet has some instances of, effectively, targeted harassment in their history. Whether the public endorses that harassment is more a question of how effective the reporters are than anything else. Do you have any examples supporting the equivalence you’re claiming? The high judgements were caused by his defiance of earlier judgements so that pattern is really what we’re looking for.

Not OP, but Fox Settled the dominion lawsuit for $725M [1]. So this type of harassment means big judgments against you.

[1] https://en.wikipedia.org/wiki/Dominion_Voting_Systems_v._Fox...

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#658
post #28

This is probably the correct decision. Alex Jones's vitamin company offered 2x more cash, and in the case of a bankruptcy, cash completely trumps any notion of "giving up debt." Especially when the debt being settled is astronomically large and you are giving up a very small portion of it ($7 million out of $1.5 billion). The other creditors are far better off getting more cash, and those $7 million of claims are wor…

Are there practically any other creditors? I would think the creditor owed $1.5B would cause all other creditors to become irrelevant rounding errors as a fraction of a percent. So if the families were to bid $X, then they'd be paying it right back into their other pocket. Seems like just a technicality or theatrics to require them to temporarily come up with cash just to give it right back to themselves. But lawyers…

All debt is not equal in seniority (seniority != amount), and yes, there are other creditors. Many people have credit cards, get bank loans, and have a mortgage, and I assume he has also borrowed money from several other sources. Those are creditors.

The next thing to do is think about the order these people get to take money in. Debt isn't one pool, it's a set of multiple priority queues. Asset-backed lines of credit typically have a senior claim to that asset but a junior claim to the general pool of money - Alex Jones, if forced to sell a hypothetical car with a hypothetical $1000 loan, will be paying back that loan in its entirety (if covered by the sale of the car) before the proceeds of that sale go to the $1.5 billion debt. Your general accounts are similarly ordered.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#659
post #638

Am I missing something or does this NYT article not actually say what the judge based his decision on? That would be an important piece of information to have when deciding whether the decision was good or not.

From the article: "Judge Lopez said that the bankruptcy auction failed to maximize the amount of money that the sale of Infowars should provide to Mr. Jones’s creditors, including the Sandy Hook families, in part because the bids were submitted in secret. “It seemed doomed almost from the moment they decided to go to a sealed bid,” Judge Lopez said. “Nobody knows what anybody else is bidding,” he added."

Wait, couldn’t this same argument be made in reverse? If the bids were open, the competing parties could simply go $1 above the highest offer, which suggest sealed bids are most appropriate to maximize the value. Auctions can’t be fairly judged in hindsight, generally speaking.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#660
post #502

Earlier quoted context omitted.

Some of the issues were reported and a decision maker thought "we can get by without this". Pretty much the same reason the Challenger exploded. With a large company, there's gonna be reports about all sorts of stuff all the time, and you have to sort through the noise. They failed to do that here. But is there any shred of doubt that no one, including the greediest most-souless bureaucrat, actually tried to make an…

>But is there any shred of doubt that no one, including the greediest most-souless bureaucrat, actually tried to make an airplane crash and kill people? This is not taking into account how humans are. People raise their children really badly all the time even though they know what they are doing is bad but they just don't care in the moment. Who wants a bad child? But they still make all the mistakes and end up produ…

> Incompetence and malice are often nearly identical.

That is not the basis for our system of law. Intention (mens rea) matters greatly. Hence anyone who understands law shouldn't be surprised at comparing outcomes between the boeing case and the jones case.

You can disagree with it, but you really shouldn't be surprised.

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