Federal Judge Blocks Onion's Bid to Buy and Shut Down InfoWars

A bankruptcy judge halted The Onion's acquisition of InfoWars in November 2024, signaling new skepticism about deals where a buyer intends to close operations rather than run them. Sandy Hook families, owed $1 billion by Alex Jones, had supported the sale by accepting reduced settlements. The ruling suggests courts will now scrutinize whether creditor-approved bankruptcies that prioritize closure over ongoing business deserve the same approval they historically received.