Infowars and other companies owned by Alex Jones are reportedly considering filing for bankruptcy after relatives of children of the Sandy Hook shooting brought lawsuits against the conspiracy radio host.
According to Bloomberg, Jones sought chapter 11 protection for three of his companies, including conspiracy website Infowars, in Southern Texas.
The three companies each have estimated liabilities of $10 million, according to filings seen by the network.
Under the U.S. Bankruptcy Code, a successful case filed under chapter 11 would allow the debtor to continue to operate their businesses and, with court approval, borrow money.
Last year, a defamation lawsuit in Connecticut ended in Jones being found liable after the radio host made false claims the 2012 shooting was a hoax and was motivated by a gun control agenda.
Another trial will determine how much Jones will have to pay, and the radio host was also found liable in three other lawsuits in Texas.