Austin, TX
Judge to approve auctions liquidating Infowars to help pay Sandy Hook families
AUSTIN, Texas — Conspiracy theorist Alex Jones’ Infowars media platform and its assets will be sold off piece by piece in auctions this fall to help pay the more than $1 billion he owes relatives of victims of the Sandy Hook Elementary School shooting, under an order expected to be approved by a federal judge.
U.S. Bankruptcy Judge Christopher Lopez in Houston said during a court hearing Tuesday that he will approve the auctions that start in November. But he said he first must change a previous order to clarify that the trustee overseeing Jones’ personal bankruptcy case controls all the assets of Infowars parent company Free Speech Systems, which is owned 100% by Jones.
Despite the pending loss of his company, Jones vows to continue his talk shows through other means, possibly including a new website and his personal social media accounts. He also has suggested that Infowars’ assets could be bought by his supporters, allowing him to continue hosting his show as an employee under the Infowars brand in their home city of Austin, Texas.
“It’s very cut and dry that the assets of Free Speech Systems, the website, the equipment, the shopping cart, all that, can be sold,” Jones said on a recent show. “And they know full well that there are a bunch of patriot buyers, and then the operation can ease on.”
Jones and his company both filed for bankruptcy protection in 2022 — the same year Sandy Hook families won nearly $1.5 billion in defamation and emotional distress lawsuits against Jones for his repeatedly calling the 2012 school shooting a hoax staged by “crisis actors” to get more gun control legislation passed. Twenty first graders and six educators were killed in the Newtown, Connecticut shooting.
During two civil trials in Texas and Connecticut, parents and children of many of the victims testified that they were traumatized by Jones’ hoax conspiracies and his followers’ actions. They said they were harassed and threatened by Jones’ believers, some of whom confronted the grieving families in person, saying the shooting never happened and their children never existed. One parent said someone threatened to dig up his dead son’s grave.
Jones is appealing the civil jury verdicts, citing free speech rights and questioning whether the families proved any connection between his comments, and the people who harassed and threatened the relatives. He has since acknowledged that the shooting did happen.
In June, Lopez converted Jones’ personal bankruptcy reorganization case into a liquidation, meaning many of his assets will be sold off to pay creditors except for his main home and other exempt property. The same day, Lopez also dismissed Free Speech Systems’ bankruptcy case after Jones and the families could not reach agreement on a final plan.
The sell-off order Lopez intends to approve would put Infowars’ intellectual property up for auction on Nov. 13, including its trademarks, copyrighted material, social media accounts and websites. Jones’ personal social media sites, including his account on the social platform X, which has 2.8 million followers, would not be included.
However, the trustee overseeing Jones’ bankruptcy case, Christopher Murray, said Tuesday that he may soon seek court permission to also liquidate Jones’ personal social media accounts and his other intellectual property — which Jones’ attorneys have opposed. That issue could develop into another court fight in the bankruptcy case. Murray also is expected to sell many of Jones’ personal assets.
The Sandy Hook families who won the Connecticut lawsuit want Jones to lose his personal social media accounts. Their lawyers further contend that the families should get a chunk of all of Jones’ future earnings to help pay off his more than $1 billion debt.
Christopher Mattei, a lawyer for the Sandy Hook families in the Connecticut lawsuit, said the judge’s signing of the auction order will be “a significant step forward” in the family’s efforts to make Jones pay for his hoax lies.
“Alex Jones will no longer own or control the company he built,” Mattei said in a statement Tuesday. “This brings the families closer to their goal of holding him accountable for the harm he has caused.”
The rest of Infowars’ assets, including computers, video cameras and other studio equipment, would be sold at a different auction on Dec. 10.
Jones has made millions of dollars over the years selling dietary supplements, apparel, survival gear, books and other items he promotes on his shows, which air on the internet and dozens of radio stations. It’s unclear how much money would be raised by selling Infowars and Jones’ assets, and how much money the Sandy Hook families would get.
Jones has about $9 million in personal assets, according to court filings. Free Speech Systems has about $6 million in cash on hand and about $1.2 million worth of inventory, according to previous court testimony.
Lawyers, financial experts and others who worked on Jones’ bankruptcy cases — who have racked up millions of dollars in fees and expenses — are expected to be paid first.
A remaining legal dispute in the bankruptcy case is whether Free Speech Systems owes more than $50 million to another Jones-owned company, PQPR Holdings Limited. Free Speech Systems buys dietary supplements from PQPR to sell on the Infowars website. PQPR said it wasn’t paid for many of the supplements and filed liens. Sandy Hook lawyers allege the debt is bogus.
If the debt is found to be valid, that could reduce any amount the Sandy Hook families ultimately get from the liquidations.
Austin, TX
Forman Capital Provides $28.2 Million Lot Development Loan for a 253-Acre Mixed-Use Project Near Austin, Texas
Forman Capital, a leading private direct commercial real estate lender, has closed a $28,204,026 lot development loan for The Highlands, a planned 253-acre mixed-use community located along Manzano Mile at FM 1431 in Marble Falls, Texas, located on the edge of the broader Austin MSA. The borrower and developer is Rockspring, a Texas-based real estate firm with more than three decades of experience across the state’s most dynamic growth markets.
The Highlands stretches along Manzano Mile, encompassing single-family homes, rental apartments, and retail commercial uses on undeveloped land. The Forman Capital loan will fund horizontal development in advance of vertical construction, which will be performed by other developers and builders, and is expected to start in the fall.
The Forman Capital team that worked on the transaction includes Scott Mehlman, Ty Regnier, Brett Forman and Ben Jacobson.
“Forman Capital has always been drawn to developers who are doing something meaningful — not just building but genuinely adding real value to a community. The Highlands does exactly that, bringing much-needed housing and amenities to a city that has grown faster than its supply could keep pace with. We are proud to support Rockspring’s vision here,” said Brett Forman, Forman Capital Managing Partner.
“Marble Falls and the 71 Highway corridor are benefiting from the same powerful tailwinds driving growth across Texas, with the added advantage of a quality-of-life profile that is attracting both residents and businesses,” said Scott Mehlman, Forman Capital Partner and Chief Investment Officer. “The Highlands is exceptionally well-positioned to meet that demand, and we look forward to seeing this community take shape.”
About Forman Capital
Delray Beach, Florida-based Forman Capital provides private commercial real estate debt and equity financing for transactions ranging from $10 million to $100 million. The firm focuses on short-term construction financing, mezzanine debt, and preferred equity across various real estate asset classes and geographies. Company principals Brett Forman and Ben Jacobson have closed more than $3 billion in commercial real estate transactions since 2004. For more information, visit www.formancap.com.
South Austin hit and run victim returns home
A 23-year-old is finally returning home to Omaha, Nebraska. The active-duty Air Force firefighter was visiting Austin for a brief vacation, but instead, he has spent the last 24 days in a trauma unit on a respirator trying to survive.
AUSTIN, Texas – The 23-year-old, Dominic Dubas, finally returns home to Omaha, Nebraska. The active-duty Air Force firefighter was visiting Austin for a brief vacation, but instead, he has spent the last 24 days in a trauma unit on a respirator trying to survive.
Dominic was left in critical condition after a hit-and-run in South Austin on May 30. The doctors had given him a 1% chance of survival. Weeks later, he had gained enough strength to leave Austin, as an air ambulance officially transported him back home on Tuesday.
It is a milestone that brings mixed emotions for a family headed into a years-long recovery with no criminal accountability in sight.
“It’s kind of bittersweet,” said his mother, Melissa Dubas. “I mean, I’m happy to have him here, but I just really wish they weren’t under these circumstances.”
The backstory:
Dominic and his friend were staying at an Airbnb near the 6800 block of South Congress Avenue, close to William Cannon Drive. Just before 10 p.m. on a Saturday, he went to a Walgreens across the street to get snacks.
Investigators believe Dominic was walking on the sidewalk when a vehicle going roughly 50 mph hit him. The driver left the scene.
Forty minutes later, a passerby spotted him and called police, initially thinking it was someone sleeping on the curb.
“The moment they choose to run after hitting somebody and injuring them or killing them, it’s a felony no matter what,” said Lt. William White of the Austin Police Department Highway Enforcement Division.
For nearly an hour after the impact, investigators allege the suspect circled the South Austin block for nearly an hour, watching first responders perform life-saving measures on Dubas, before abandoning his Lincoln vehicle just two miles away. The suspect also removed the license plate and registration sticker off the vehicle, which is another felony.
“Every minute that my son laid there in blood was crucial to his survival,” Melissa Dubas said. “And I just don’t understand how somebody can hit somebody else and leave them for dead.”
Dig deeper:
Police have since identified a suspect, 20-year-old Rafael Guzman Avila, who reportedly entered the country illegally in 2024. According to the affidavit, Avila’s phone records showed him crossing the border back into Mexico that night.
When asked what the extradition process looks like for a local police department, Lt. White explained the complexity.
“You want to have a pretty solid location of where they are, then you go with a district attorney’s office to see if they’ll work with the Justice Department,” White said. “There’s a bunch of processes that they have to go through in order to work with the Justice Department to get that person extradited back to the United States.”
There is a warrant in all 50 states for the arrest of Avila for tampering with evidence and collision involving serious bodily injury. Both acts are third-degree felonies in Texas. However, investigators stated that Mexico will not extradite Avila because they do not penalize those crimes the same way. As long as he remains in Mexico, he will likely never be held accountable.
Melissa said she is trying to have forgiveness in her heart because she believes that is how her son would respond.
“He would probably say in regard to Rafael that it was an accident and that he forgave him,” Melissa Dubas said. “My guess is that that’s what he would say. And so even though that’s hard for us because we’re in the midst of all the pain, I know that’s what he would think.”
As the investigation extends past the southern border, the focus in Omaha shifts entirely to the tough road ahead and the recovery already defying the odds.
Melissa said Dominic is in what they call a minimally conscious state. He just started communicating through blinks and hand squeezes, which is more than what they thought he would be able to do. She went on to compliment the kindness of Austinites and said the prayers have given her a sense of peace through all of this.
The Source: Information from interviews conducted by FOX 7 Austin’s Katie Pratt
HOUSTON, Texas — The NHL is looking to start the expansion process in Texas, with Austin and Houston as potential targets, sources told ESPN on Tuesday.
The expansion news is being discussed at the NHL’s board of governors meeting, which is being held on Tuesday in New York.
The NHL went from 30 to 32 clubs when it added the Vegas Golden Knights (began play in 2017-18) and Seattle Kraken (debuted in 2021-22). The expansion fee for Vegas was $500 million and for Seattle was $650 million.
Earlier this month at the Stanley Cup Final, NHL commissioner Gary Bettman reiterated that the league has fielded calls from across North America from prospective cities and owners who are interested in bringing in an NHL franchise.
SEE HERE: It’s official: Aeros hockey team leaving Houston at end of season
Bettman has previously told the board of governors that any potential expansion team would likely come with at least a $2 billion fee for it to make sense.
The league has seen record revenues this season — projected to be between $7.5 billion and $8 billion. The NHL salary cap is set at $104 million for the 2026-27 season, a $8.5 million increase from this past season.
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