neil heslin

Alex Jones company files for bankruptcy; Sandy Hook defamation trial expected to continue

AUSTIN, Texas – Free Speech Systems, the main company owned by Austin-based conspiracy theorist Alex Jones, has filed for bankruptcy – but a Jones lawyer said the action is not expected to affect a trial underway in Austin in a lawsuit by the parents of a child killed in the 2012 attack on Sandy Hook Elementary School.

Free Speech Systems, which operates Jones’ InfoWars media system, listed $14.3 million in assets, including almost $1.16 million in cash and almost $1.6 million in property and equipment, as of May 31.

But the Austin corporation’s bankruptcy filing also listed $79 million in liabilities, including a $54 million debt owed to PQPR Holdings.

Video: Sandy Hook conspiracist Alex Jones could owe $150 million in defamation case 

A separate lawsuit filed by two Sandy Hook families earlier this year in state court accused Jones of systematically hiding millions of dollars in assets and called the $54 million debt dubious, saying PQPR is a Nevada-registered company that is owned “directly or indirectly by Jones, his parents and his children through an alphabet soup of shell entities.” That lawsuit is still in the early stages.

Alex Jones walks into the courtroom in front of Scarlett

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