Judge Refuses to Allow Sale of Infowars to The Onion

Re:Judge Refuses to Allow Sale of Infowars to The Onion by ipaddr on Wednesday December 11, 2024 @01:24AM (#42385312)

They go to the creditors including his primary sponsor. This is not a bad outcome it's the only correct legal outcome.

What you are saying is we should allow a creditor (of many) to sell an asset to whoever they choose at a lower market rate because it's the right political move in this one case. Why wouldn't those rules be applied in other cases.. you can sell any asset for a dollar to yourself and the bankrupt person will still be on the hook for the total debt minus a dollar. Letting a single creditor value assets below marketrate and direct a sale to someone they wanted would be a completely unfair process.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by redeux on Wednesday December 11, 2024 @03:06PM (#42392244)

This isn’t about politics, it’s about justice. The only reason politics is even in the equation is because Jones has made his living as a political blatherskite.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by johnnyanmac on Wednesday December 11, 2024 @04:07PM (#42392985)

Law is almost inherently poliical. Politics was in the equation the moment Jones decided to pretend a tragic school shooting was fake news.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by redeux on Wednesday December 11, 2024 @05:56PM (#42393981)

So where is justice in this equation then?

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by johnnyanmac on Thursday December 12, 2024 @12:16AM (#42396435)

[delayed]

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by redeux on Thursday December 12, 2024 @06:04AM (#42398183)

That’s a legal remedy not justice. Justice wouldn’t let Jones potentially buy back the company using money the siphoned off and hid from the court.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by johnnyanmac on Thursday December 12, 2024 @06:08AM (#42398197)

I agree. I never said there weren't loopholes in the remedy. We'll see if they manage to close it off.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by pyrale on Wednesday December 11, 2024 @04:41PM (#42393293)

That is not what happened, though.

One group of creditors said they were willing to abandon some of their claims, which means other creditors would have gotten a larger share of the smaller bid, effectively making these other creditors better off.

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