bankruptcy protection

Infowars host Alex Jones files for personal bankruptcy

FILE - Infowars founder Alex Jones appears in court to testify during the Sandy Hook defamation damages trial at Connecticut Superior Court in Waterbury, Conn., Thursday, Sept. 22, 2022. Jones has filed for personal <a href=bankruptcy protection in Texas as he faces nearly $1.5 billion in court judgments over conspiracy theories he spread about the Sandy Hook school massacre. Jones filed for Chapter 11 bankruptcy protection in bankruptcy court in Houston on Friday, Dec. 2. (Tyler Sizemore/Hearst Connecticut Media via AP, Pool, File)” title=”FILE – Infowars founder Alex Jones appears in court to testify during the Sandy Hook defamation damages trial at Connecticut Superior Court in Waterbury, Conn., Thursday, Sept. 22, 2022. Jones has filed for personal bankruptcy protection in Texas as he faces nearly $1.5 billion in court judgments over conspiracy theories he spread about the Sandy Hook school massacre. Jones filed for Chapter 11 bankruptcy protection in bankruptcy court in Houston on Friday, Dec. 2. (Tyler Sizemore/Hearst Connecticut Media via AP, Pool, File)” loading=”lazy”/

FILE – Infowars founder Alex Jones appears in court to testify during the Sandy Hook defamation damages trial at Connecticut Superior Court in Waterbury, Conn., Thursday, Sept. 22, 2022. Jones has filed for personal bankruptcy protection in Texas as he faces nearly $1.5 billion in court judgments over conspiracy theories he spread about the Sandy Hook school massacre. Jones filed for Chapter 11 bankruptcy protection in bankruptcy court in

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BlockFi lawyer tells court priority is to ‘maximize client recoveries’

In this photo illustration, the BlockFi logo seen displayed on a smartphone.

Rafael Henrique | Sopa Images | Lightrocket | Getty Images

BlockFi plans to reopen withdrawals as part of an effort to “maximize client recoveries,” the crypto lender’s lawyers said at a court hearing Tuesday, a day after the firm filed for Chapter 11 bankruptcy protection.

BlockFi’s lawyers at that hearing expressed optimism that the firm is in good position to restructure and salvage the business through the bankruptcy process.

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“We want to make sure we get people back as much of their value as quick as we can,” said Josh Sussberg, a partner at BlockFi’s legal firm Kirkland & Ellis.

BlockFi’s collapse was precipitated by exposure to Three Arrows Capital — which filed for bankruptcy protection in July — and to Alameda Research, the FTX trading arm that borrowed hundreds of millions of dollars from BlockFi. FTX had arranged a rescue plan for BlockFi, but that fell apart when FTX faced its own liquidity crisis earlier this month and rapidly sank into bankruptcy.

BlockFi loaned $671 million

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Jury selection begins Thursday in Alex Jones’ CT Sandy Hook trial

NEWTOWN — Just days after a Texas jury decided Alex Jones should pay $49.2 million in defamation damages to parents of a slain Sandy Hook boy, a new trial for other families Jones defamed will begin in Waterbury on Thursday with jury selection.

News that jury selection will begin in a trial that will determine how much Jones should pay eight Sandy Hook families and an FBI agent he defamed comes one day after a federal judge in Bridgeport stripped Jones of protection he was seeking when he put the parent company of his conspiracy merchandising platform Infowars into bankruptcy.

At stake is the future of Jones as the face of America’s conspiracy community and the fate of 15 people Jones defamed when he called the 2012 shooting of 20 first-graders and six educators at Sandy Hook Elementary School “staged,” “synthetic,” “manufactured,” “a giant hoax,” and “completely fake with actors.”

“I am looking forward to taking this to the jury,” said Norm Pattis, a high-profile New Haven attorney who is running Jones’ defense in Connecticut. “We have heard what the plaintiff’s have had to say about this case ad nauseam, and now we want to hear what the jury says.”

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Alex Jones’ attorney Norm Pattis wants out of Sandy Hook case

NEWTOWN — In the first Connecticut court appearance since Alex Jones was sprung from bankruptcy protection to face a damages award trial for a defamation case he lost to Sandy Hook families, his New Haven-based attorneys asked to be dropped from the case.

“We are in an untenable position — our communication with our client has broken down,” said Cameron Atkinson, a lawyer who works with high-profile New Haven attorney Norm Pattis. “We have not had direct communication with our client in over a month.”

State Superior Court Judge Barbara Bellis said she has heard that story before. She listed 13 separate motions where Pattis and other attorneys have either replaced each other or asked to be dropped from Jones’ case over the last four years. In an unusually lengthy ruling, Bellis called it a “tortured history of appearances,” which was “convoluted and bizarre.”

Thursday’s hearing, which revealed that Jones is seeking to forestall a similar damages award trial in Texas where he lost two other defamation cases to Sandy Hook parents last year, is the latest development after a springtime saga that saw Jones seek bankruptcy protection for his business interests without seeking bankruptcy protection for himself. Lawyers

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