Families of Sandy Hook Elementary School shooting victims who hold massive defamation judgments against Alex Jones asked a court to recognize a secured claim brought by a vendor as an equity contribution.
The Connecticut-based families are looking to effectively get rid of PQPR Holdings Limited LLC’s $68 million claim—which could be paid out ahead of the families if a bankruptcy court decides it’s valid and secured. They argue that PQPR provided equity, not debt, to the right-wing conspiracy theorist’s media company because there wasn’t an expectation for repayment, according to a Tuesday filing in the US Bankruptcy Court for the ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.
