Judge appoints receiver to sell off Alex Jones's Infowars assets to help pay Sandy Hook families
The order by Judge Maya Guerra Gamble in Austin on Wednesday has the potential to shut Jones out of his studio in the coming days. It also appeared to restart an effort by The Onion satirical publication to buy Infowars and its assets and turn the platform into a parody site. 'We're working on it,' Ben Collins, chief executive of The Onion, said in a social media post Wednesday.
On his daily show Thursday, Jones called the Texas court order improper and vowed to keep broadcasting if he is locked out. He added he has another studio already set up in the event of such a scenario.
'People want to hear this show," said Jones, who is based in Austin. "I will continue on with the network. They can harass me forever. ... And they won't get me off the air.'
Jones said he expected Infowars to be sold to someone or some entity that will keep it on the air.
The Sandy Hook families won nearly $1.5 billion in judgments in 2022 against Jones and Infowars' parent company, Free Speech Systems, in lawsuits filed in Connecticut and Texas accusing him of defamation and inflicting emotional distress. They sued over Jones' repeated comments that the 2012 school shooting in Connecticut that killed 20 first graders and six educators was a hoax. Victims' relatives testified in court about being terrorized by Jones' supporters.
Jones and his company both filed for bankruptcy in 2022. A federal Bankruptcy Court judge in Houston ordered Free Speech Systems' assets, including Infowars' production equipment and its intellectual property, to be sold at auction to help pay the Sandy Hook legal judgments.
The sale process was derailed when the bankruptcy judge, Christopher Lopez, rejected the outcome of a November auction in which The Onion was named the winning bidder over only one other proposal by a company affiliated with Jones. The auction was by sealed bids only and no live bidding was held.
Lopez had several concerns about the auction, including a lack of transparency and murky details about the actual value of The Onion's bid and whether it was better than the other offer. Jones called the auction 'rigged." The judge rejected holding another auction and said the families could pursue the liquidation of Jones' assets in the state courts where the defamation judgments were awarded.
The Texas judge's order on Wednesday gave Free Speech Systems five days from when the order is formally served on the company to turn over its assets. Proceeds from any sales would go to the Sandy Hook families.
The judge also authorized the receiver to change the locks at all locations containing Free Speech Systems assets. She also authorized law enforcement officers to assist the receiver in his duties and prevent anyone from interfering with the receiver in taking possession of the assets.
It was not clear Thursday when the order would be served on the company, or when the receiver planned to take over the assets and sell them. The receiver, Gregory Milligan in Austin, did not return an email seeking information about the liquidation plans.
Jones' lawyer, Ben Broocks, also did not return an email seeking comment Thursday.
Jones said on air Thursday that the state court order was not valid because Free Speech Systems' assets are still under the control of the trustee in his bankruptcy case in federal court. He said there was a state court hearing set for Sept. 16. He said Infowars could be closed next week, or it may be able to keep operating pending the hearing. He said he wasn't exactly sure what would be happening next.
Last November after The Onion was named the winning bidder, a bankruptcy court trustee shut down Infowars' Austin studio and its websites for about 24 hours, but then allowed them to resume the next day as disputes over the auction continued in court. During the shutdown, Jones moved to a nearby studio and continued broadcasting.
Jones, who said in 2022 that he believed the Sandy Hook shootings were '100% real,' continues to appeal the Connecticut and Texas state court judgments against him, citing free speech rights and improper actions by judges in the two states.
Solve the daily Crossword
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
The Mayor of New Orleans had a years-long romance with her bodyguard. She's been indicted for spending city money on hotels and wine tastings with him
The mayor of New Orleans had been treating her bodyguard to trips on the taxpayers' dime during their years-long affair, a new federal grand jury indictment alleges. New Orleans Mayor LaToya Cantrell was indicted on Friday resulting from a corruption investigation. Cantrell's lawyer confirmed to The Associated Press that an indictment was returned, and her name was read aloud by a federal magistrate judge as a defendant. She has been charged with conspiracy to commit wire fraud, conspiracy to obstruct justice, and making false statements and false declaration before a grand jury, according to the indictment. The city of New Orleans told NBC News it will have no comment on the indictment until the mayor's legal team has time to review the indictments. "The Mayor's attorney, Eddie Castaing, recently received the information, and is thoroughly reviewing the document," the statement said. "Until his review is complete, the City will not comment further on this matter." The indictment is the culmination of a long-running federal investigation into Cantrell, the first female mayor in the City's 300-year history. Prosecutors allege that Cantrell was having a romantic relationship with New Orleans Police Officer Jeffrey Paul Vappie II, who is on the department's executive protection unit. That relationship allegedly occurred between 2021 and 2024. Cantrell was married during the period of the alleged affair to attorney Jason Cantrell. He died in August 2023. 'To hide their relations from detection and to maximize their time together, Cantrell and Vappie exploited their public positions to develop and implement a scheme to defraud the city of New Orleans and the New Orleans Police Department by engaging in personal activities while Vappie claimed to be on duty and was paid for,' the indictment says. They further claimed that the pair had exchanged some 15,000 messages, photos, and audio clips on WhatsApp over an eight month period. The investigators also allege that Cantrell and Vappie were using the app to intimidate their subordinates and hide evidence. Vappie and Cantrell traveled together on 14 trips in eight months, several of which were romantic vacations under the pretense of work trips, according to prosecutors. In total, the city spent $70,000 to sent Vappie along with the mayor on her trips — which in some cases included visits to wine tastings — the prosecutors claimed. Vappie was initially charged with wire fraud and making false statements. He has pleaded not guilty. Cantrell was added to the case after an investigation into Vappie's actions. If the pair are convicted, both could go to prison, though for how long varies based on the indictment. Some indictments carry a five year penalty, and others could put them away for up to 20. The term-limited Democratic mayor will leave office in January.
Yahoo
10 minutes ago
- Yahoo
ZipRecruiter Second Quarter 2025 Earnings: EPS Beats Expectations
Explore ZipRecruiter's Fair Values from the Community and select yours ZipRecruiter (NYSE:ZIP) Second Quarter 2025 Results Key Financial Results Revenue: US$112.2m (down 9.2% from 2Q 2024). Net loss: US$9.51m (down by 236% from US$7.01m profit in 2Q 2024). US$0.10 loss per share (down from US$0.071 profit in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period ZipRecruiter EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. Performance of the American Interactive Media and Services industry. The company's shares are up 8.8% from a week ago. Risk Analysis Be aware that ZipRecruiter is showing 3 warning signs in our investment analysis and 2 of those are concerning... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 minutes ago
- Yahoo
This Growth Stock Is Up 100% in the Last Year, but Still Down 15% From All-Time Highs: Should You Buy Today?
Key Points Shopify is growing quickly as it expands its commerce tools around the globe. It keeps adding new tools for customers, such as cryptocurrency payments and artificial intelligence (AI). Even though the business is great, the stock trades at an expensive valuation. 10 stocks we like better than Shopify › Shopify (NASDAQ: SHOP) is still in the middle of its 2021 hangover, as shares are down 15% from all-time highs set during the COVID-19 pandemic stock market bubble. The stock is up over 100% in the last 12 months, but still has not eclipsed previous highs after going through a brutal drawdown in 2022. At the same time, business performance has been rock-solid if not stellar, as management keeps adding new commerce tools and attracting new businesses to join the platform. With Shopify stock still down from all-time highs, should you buy shares in 2025 for your portfolio? Here's what the numbers say. Steady global expansion As a software and payments provider for online businesses, Shopify has grown to dominate the North American market. Now, it is moving internationally. Last quarter, growth in payments volume for its European division was 42%, outpacing overall growth. The company has built up a best-in-class set of tools for entrepreneurs and businesses of all sizes to sell and process payments online. Last quarter, even Starbucks signed a deal with Shopify, which shows the capabilities of the platform for online shopping. Overall revenue grew 31% year over year in the quarter, with strong growth expected for the rest of the year. Profit margins remain strong, with free cash flow margins of 16% in the quarter. This combination of growth and profitability is impressive and the key reason why Shopify's stock has soared in the last 12 months. As more and more businesses sign up for Shopify's software tools and payment processing, the more growth Shopify will achieve. Add new features such as advertising and the Shop Pay application for consumers, and it looks like growth will continue for many years into the future. AI, crypto, and new products Shopify is embracing new technologies as a way to leverage more usage from its business customers. It now has two artificial intelligence (AI) services called Sidekick and Magic that help analyze trends for a business, create content, and marketing products. Providing more value for enterprises will help customers stay entrenched within the Shopify ecosystem, leading to revenue growth and pricing power. What's more, Shopify is now beginning to expand and accept more forms of payment, such as Circle's stablecoin USDC. This should help with cross-border transactions and make it easier for shoppers who want to pay in different ways on Shopify's e-commerce storefronts. It will not only help drive new payment growth (which directly translates to revenue for Shopify), but also adoption of shopping across borders. On the whole, Shopify is building a huge ecosystem of products for businesses trying to sell things online. Its breadth of tools is unmatched in the software world, which is why so many commerce companies are signing deals with them. Expect this growth to continue for many years, as long as product innovation remains top tier. Should you buy Shopify stock? Shopify is a fast-growing business, but that does not necessarily make the stock a buy. Total revenue was $10 billion over the last 12 months. Revenue growth is expected to be over 20% for the rest of 2025. At the same time, 20%-plus growth cannot continue forever, no matter what company you are. On a long-enough timeline, a growth rate significantly above global economic growth would mean absorbing the entire global economy, which is not going to happen (no matter how good Shopify's commerce tools are). Revenue growth will be strong for many years, but it will eventually slow for Shopify. If Shopify's revenue grows at an average rate of 15% for the next five years, it will reach $20 billion in revenue by 2030. With a gross profit margin of 50%, I believe that Shopify can achieve a 20% net income margin once the business matures. This would turn $20 billion in revenue into $4 billion in annual net earnings five years from now. Today, Shopify has a market cap of $187 billion, which would give the stock a forward price-to-earnings ratio (P/E) of 47 based on these earnings growth projections. Despite how good of a business it is, this nosebleed P/E ratio means investors should avoid Shopify stock after its recent 100% run over the last 12 months. Should you invest $1,000 in Shopify right now? Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shopify wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify and Starbucks. The Motley Fool has a disclosure policy. This Growth Stock Is Up 100% in the Last Year, but Still Down 15% From All-Time Highs: Should You Buy Today? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data