this post was submitted on 15 Nov 2024
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“We’re all going to an evidentiary hearing and I’m going to figure out exactly what happened,” the judge, Christopher Lopez, said in an emergency hearing on Thursday afternoon. “No one should feel comfortable with the results of this auction.”

Oh bullshit.

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[–] [email protected] 33 points 5 days ago (4 children)

Are there laws in the US or courts just act based on how they feel?

[–] [email protected] 7 points 5 days ago* (last edited 5 days ago) (3 children)

The claim I'm hearing is that the rules of the auction were changed at the last minute; it went from a regular auction to an anonymous "sealed bid" auction, where bids had to be placed the week prior. The sealed bids were put before the judge, and there were higher bids than Onion (a laughable $200K), but the people running the auction choose The Onion as the winning bid, anyway. The higher bids were by conservative groups, to buy InfoWars & keep it running. The Onion was chosen to assume ownership for purposes of humiliation & brand destruction, even though they only bid $200K.

This court case is a reaction to people running an auction based on how they feel, allegedly. Liquidation auction efforts, logically, should pursue the option that pays out the most money.

[–] pelespirit 5 points 4 days ago

Where exactly are you hearing all this? Sources please.

But the trustee who oversaw the auction said he followed the judge’s rules laid out in a September order, which made the overbidding round optional.

The exact bid amount offered by the Onion for InfoWars remains unknown, but it has been reported it was lower than First United American’s bid of $3.5m. The Onion’s offer was seen as a better deal because some of the related Sandy Hook families agreed to forgo a portion of the sale proceeds to help pay off Jones’s other creditors.

It was reported on Thursday that the Onion’s purchase of InfoWars received support from families of Sandy Hook shooting victims, to whom Jones owes $1.4bn in defamation judgments after he falsely claimed the 2012 school massacre was a hoax.

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