Sandy Hook Families Challenge Push to Abandon Infowars Equity

Families of Sandy Hook Elementary School shooting victims opposed a bankruptcy trustee’s proposal to abandon control over right-wing conspiracy theorist Alex Jones’ equity interests in Infowars’ parent company, arguing it will further delay collection of more than $1 billion they’re owed.

The trustee’s notice to relinquish the 100% equity in Free Speech Systems LLC is premature because it could harm creditors, forfeit potential recoveries, and allow Jones to again place the company into bankruptcy, the Sandy Hook families said in an objection filed Oct. 17 in the US Bankruptcy Court for the Southern District of Texas.

The trustee’s abandonment of the equity would allow Free Speech Systems’ interests to revert back to Jones, giving him full control over the company.

The families said they’re thinking about trying to buy the interests themselves.

“Abandoning the FSS Interests now will simply put the parties—and the Court—back in the position they were in 18 months ago,” the families said.

The families in 2022 won more than $1 billion in judgments against Jones and Free Speech Systems related to his false claims that the 2012 massacre was a hoax.

Free Speech Systems was dismissed from its own, separate bankruptcy last year, but Jones’ personal bankruptcy case, converted into a trustee-controlled liquidation last year, is ongoing. Earlier this month, Chapter 7 trustee Christopher Murray said he intended to abandon Jones’ equity in the company, citing its “inconsequential value,” and that it was “burdensome to the estate.”

Last year, Judge Christopher Lopez denied Murray’s attempt to sell Infowars’ assets to satirical news website The Onion and subsequently rejected a bid from First United American Cos., which has connections to Jones himself.

Murray previously said there’s been no outside buyer interest in the equity.

Sandy Hook families said Oct. 17 that maintaining the trustee’s hold over the interests won’t incur additional costs to Jones’ estate, and continued ownership isn’t delaying administration of the case.

The equity interests have a strategic and monetary value to the estate, the families said. There’s potential for a coordinated sale with a Texas state receiver who has been tapped to liquidate Free Speech Systems’ assets, the families said. That receivership is temporarily on hold while Jones appeals.

The Sandy Hook families said they anticipate either the receiver or another third party could purchase the equity, and the families themselves are working to organize a bid for the interests if no other offers come through.

“While the Sandy Hook Families need additional time to properly diligence a potential purchase, they expect to be able to engage substantively with the Trustee on a purchase of the FSS Interests in the coming weeks,” they said.

The potential for Jones to refile a bankruptcy for Free Speech Systems—shielding it again from collection efforts—would delay state court actions, the receivership, and cause additional litigation, the families said.

Attorneys for the trustee and Jones didn’t immediately respond to requests for common Monday.

The families are represented by Willkie Farr & Gallagher LLP, Lawson & Moshenberg PLLC, Bradley Arant Boult Cummings LLP, Cain & Skarnulis PLLC, Koskoff Koskoff & Bieder PC, and Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Jones Murray LLP and Porter Hedges LLP represent the trustee. Jordan & Ortiz PC and Broocks Law Firm PLLC represent Jones.

The case is Alexander E. Jones, Bankr. S.D. Tex., No. 22-33553, opposition 10/17/25.