News outlet InfoWars filed for bankruptcy in Texas on Sunday amid mounting legal pressure following comments by founder and host, conspiracy theorist Alex Jones.
Jones, who repeatedly called the 2012 shooting at Sandy Hook Elementary School in Connecticut a hoax, has been repeatedly sued by victims’ family members and others for defamation and emotional distress.
These and similar comments made by other InfoWars employees are the primary cause of the “financial distress” currently facing InfoWars and its related holding companies, according to the Chapter 11 filing for bankruptcy with the United States Bankruptcy Court for the Southern District of Texas.
InfoWars, which described itself in court records as a “conspiracy-driven website and media company,” said it had $50,000 or less in assets and between $1 million and $10 million in passive.
Jones, InfoWars and related holding companies have so far spent $10 million in legal fees and expenses, according to the filing.
Courts in Connecticut and Texas have found Jones liable in several defamation cases, though they have yet to rule on damages.