According to the 30-page plan submitted on Friday, Jones offered to pay a lump sum of at least $5.5m a year, to be shared among the plaintiffs. The payment would also be accompanied by a percentage of his personal annual revenue, and a slice of Infowars revenue. His debt would be considered satisfied after 10 years.
This is the plan in need of court approval that is being referenced.
We can have a look at how the case went on in February.
U.S. Bankruptcy Judge Christopher Lopez in Houston allowed Jones to solicit votes on a proposal that would pay at least $55 million to the relatives of 20 students and six staff members killed in the 2012 mass shooting at Sandy Hook Elementary School in Newtown, Connecticut.
The families previously estimated that they would receive at least $85 million from Jones under their plan.
According to the 30-page plan submitted on Friday, Jones offered to pay a lump sum of at least $5.5m a year, to be shared among the plaintiffs. The payment would also be accompanied by a percentage of his personal annual revenue, and a slice of Infowars revenue. His debt would be considered satisfied after 10 years.
This is the plan in need of court approval that is being referenced.
It's both. The sloppy journalism makes it unclear, but any settlement would require court approval.
We can have a look at how the case went on in February.
U.S. Bankruptcy Judge Christopher Lopez in Houston allowed Jones to solicit votes on a proposal that would pay at least $55 million to the relatives of 20 students and six staff members killed in the 2012 mass shooting at Sandy Hook Elementary School in Newtown, Connecticut.
The families previously estimated that they would receive at least $85 million from Jones under their plan.
https://www.reuters.com/world/us/sandy-hook-denier-alex-jones-eyes-late-march-bankruptcy-exit-2024-01-25/