30 sources·Business

Bankruptcy Judge Halts The Onion's Purchase of Infowars Over Auction Discrepancies

A federal judge has rejected The Onion's bid for Infowars, citing flaws in the auction's process, leaving control of the site with Alex Jones.

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Updated: Dec 11th, 2024, 3:04 PM ET

Summary

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U.S. Bankruptcy Judge Christopher Lopez has blocked The Onion's acquisition of Infowars, criticizing the auction's lack of transparency. The judge deferred future decisions to the trustee, emphasizing the need to maximize creditor returns. While The Onion's bid was supported by Sandy Hook families who agreed to waive some claims, it was deemed insufficiently competitive compared to a higher offer from a company allied with Jones. Jones, facing nearly $1.5 billion in defamation liabilities, continues control of Infowars, despite ongoing legal challenges and public discontent from victim's families.

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