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Bankruptcy judge rejects sale of Infowars to The Onion

nytimes.com

721–730 of 1001 posts

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#721

Earlier quoted context omitted.

They've already suspended his sentencing indefinitely due to the election win.

Who? Trump? What does that have to do with anything?

Well supposedly federal govt can't intervene in state cases but the conviction against trump is at the state level, so why isn't he being sentenced? Because power isn't about rules.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#722

Earlier quoted context omitted.

Do they though? Put up that portion of the debt owed to them by the estate, which should be valued in at least that amount.

Did you read the article? That's exactly what they did.

Did you read the article? Jones was arguing that the families shouldn't be able to do that but the article doesn't say anything about whether he won that argument and the only reason it specifies for why the judge rejected the sale is this:

> 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.

Which implies they might just be able to redo the auction without secret bids and get the same result.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#723

Earlier quoted context omitted.

> And it's especially rich in a time where the most popular podcast genre is women commenting on brutal murder cases as they're fresh and being investigated, and throwing out their pet theories about real living people being responsible. What's the difference? Can you cite any data on that at all? I’m aware of the genre of podcast you’re referring to but I’ve never been aware of it even remotely being the most popula…

it's #3 after comedy and news https://www.statista.com/statistics/786938/top-podcast-genre...

To conflate "true crime" and what the OP was referring to strikes me as pretty dishonest.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#726
post #685

Earlier quoted context omitted.

That's what they did, and that's what was rejected here, right? Although it sounds like maybe this was more of a procedural rejection than a dispositive one...

> That's what they did, and that's what was rejected here, right? Except they weren't the highest bidder?

They were if you count the amount they claimed to be putting in from their award:

“The total value of The Onion’s bid was $7 million, including $1.75 million in cash put up by Global Tetrahedron, with the rest coming from the families of the Sandy Hook shooting victims, who essentially opted to put a portion of their potential earnings from a defamation judgment against Mr. Jones toward The Onion’s bid.”

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#727
post #188

Jones seems like a nut, but the way he's being taken to the cleaners and sued for comical amounts of money are just absurd. I'm not being hyperbolic saying people would be less mad at him if he had done the shooting himself. And it's especially rich in a time where the most popular podcast genre is women commenting on brutal murder cases as they're fresh and being investigated, and throwing out their pet theories abo…

I don't agree with Jones' political positions, but as someone who was not born in America, I think I can see the issue in a less passionate and partisan way. For me it is clear that the this judgment had a gigantic political vector.

I fully agree on the guilty verdict, but the sentence, frankly, was meant as a political message for Jones and everyone else on his side of the political spectrum: Stop talking the things you talk, because we are coming for you, and we get you, you won't like it.

As someone who was born in a corrupt small town in a corrupt banana republic, and was somewhat familiar with this kind of thing, it was pretty easy to see it for what it was.

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#728

Earlier quoted context omitted.

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.

> If the bids were open, the competing parties could simply go $1 above the highest offer [..] Isn't that what you want to happen? All the auctions I've ever participated have repeated this very process until none of the buyers are prepared to raise their bid, at which point it appears the seller has got the highest price anyone will offer. What am I missing?

sealed bidding entices bidders who really want something to overbid to ensure they win. It is a common strategy to maximize offers

Re: Bankruptcy judge rejects sale of Infowars to The Onion

#729

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…

It was a Moscow Trials things. Not that Jones was not guilty of this specific crime, he was, but the goal was never punishing him just for that.
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