Sandy Hook families offer to settle with Alex Jones for millions, not billions

Sandy Hook families, awarded up to $1.5 billion in judgments against Alex Jones, could settle for pennies on the dollar: $85 million over 10 years.

On Monday, lawyers for the Sandy Hook victims’ families offered the controversial Infowars host a deal to pay only roughly 6% of the $1.5 billion he owes in exchange for dropping their claim against him.

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During a court hearing in Houston, the lawyers offered Jones two choices: Either liquidate his assets and give the proceeds to creditors or pay them at least $8.5 million a year for 10 years — plus 50% of any income over $9 million per year. The compromise was seen as a viable way to help resolve the bankruptcy reorganization cases of both Jones and his corporation, Free Speech Systems.

But Vickie Driver, Jones’s personal bankruptcy lawyer, expressed that the $85 million settlement offer was “unrealistic.”

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In a scathing court document, the plaintiffs’ attorneys claimed Jones refuses to curb his extravagant lifestyle and preserve the value of his holdings and has yet to sell his assets. According to court papers dated Aug. 29, Jones spent $93,180 in July, including giving more than $15,000 to his wife, $7,900 for “housekeeping,” $6,338 on entertainment and meals, and $3,388 on groceries, and none was on legal fees, CNN reported. Meanwhile, payment to the Sandy Hook families remains frozen.

Twenty children and six educators were killed by a gunman at Sandy Hook Elementary School in Newtown, Connecticut, in 2012. After the shooting, Jones repeatedly said on his show that the shooting never happened and was staged in an effort to tighten gun laws. Relatives of many of the Sandy Hook victims sued Jones in Connecticut and Texas, winning nearly $1.5 billion in judgments against him. Jones only conceded his extreme theories during the heat of his 2022 defamation trial, saying, “Especially since I’ve met the parents, it’s 100% real.”