The Texas bankruptcy of entities linked to conspiracy theorist Alex Jones' Infowars empire could set a new precedent for how companies can — or can't — wield the bankruptcy court against their litigation foes.
Context: It’s not uncommon for companies to file for bankruptcy as a way to consolidate and settle onerous litigation damages (think Purdue Pharma’s opioid liabilities, and the wildfire-related claims against PG&E).
