A person with knowledge of the matter says that companies owned by far-right radio host Alex Jones are getting advice from restructuring advisers and are considering filing for Chapter 11 after being hit with lawsuits over Jones's conspiracy theories.
A person who asked not to be identified because the discussions are private said that a Chapter 11 filing would allow Jones' businesses to keep operating while pausing civil litigation against them.
Representatives for Free Speech Systems didn't respond to requests for comment outside of business hours. The law firm that represents Jones and his businesses didn't respond to requests for comment.
A defamation lawsuit was brought against Jones and his companies by the relatives of children killed in the Sandy Hook school massacre. There is a trial in Connecticut to determine the size of the damages. In Texas, he was also found liable.
Lawyers for Jones and his businesses said in court that the lawsuit was filed to silence their free speech on matters of public interest.
Jones was issued default judgments by judges in Connecticut and Texas after he failed to turn over documents. The probe into the financial ties between Jones and his various entities is akin to a collection action.
Lawyers for Sandy Hook shooting victims sought an arrest order for Jones after he skipped a deposition due to health reasons. Jones was facing fines when he appeared for the deposition.
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