Families of the students and teachers killed in the 2012 shooting at Sandy Hook Elementary School have offered to settle an outstanding legal debt with far-right radio personality Alex Jones for pennies on the dollar.

According to the proposed agreement, the Infowars host, who is on the hook for $1.5 billion for suggesting that the shooting was a hoax, would only be required to pay $85 million in damages.

A deadly school shooting in Sandy Hook, Connecticut killed 20 children and 6 teachers in 2012. (AP Photo/Jessica Hill, File)

Jones, a longtime right-wing provocateur and so-called conspiracy theorist, was ordered to pay the staggering settlement after two separate cases in 2022. After the deadly mass shooting in Sandy Hook, Connecticut, Jones alleged that the United States government had either concealed information about the tragedy or outright fabricated it as a false flag operation.

Jones argued that he was merely reporting on questions raised by other sources, but juries in both Connecticut and Texas found him liable for inciting threats and harassment against the families, some of whom were accused of being “crisis actors” by Infowars listeners.

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In July 2022, his company Free Speech Systems was forced to file for bankruptcy, followed soon after by Jones personally that December.

During Jones’ bankruptcy hearing in Houston, Texas last week, attorneys for the Sandy Hook families submitted a new proposal that would help to resolve his reorganization cases. In the terms of the legal filing, Jones was presented with two options: either liquidate his estate and give the proceeds to creditors, or pay the families no less than $8.5 million for the next 10 years, plus 50 percent of all income over $9 million.

However, the families’ attorneys also accused Jones of continuing to live an “extravagant lifestyle” despite claiming financial hardship. They also allege that he has been withholding certain key financial documents.

“Jones has failed in every way to serve as the fiduciary mandated by the Bankruptcy Code in exchange for the breathing spell he has enjoyed for almost a year. His time is up,” the statement read.

Legal representatives for Jones and Free Speech Systems have argued that this proposed settlement is still too high. “There are no financials that will ever show that Mr. Jones ever made that … in 10 years,” countered Jones’ attorney Vickie Driver.

Jones has also continued to appeal the judgments against him citing free speech violations and unfair trial proceedings.

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