Alex Jones to liquidate assets to pay Sandy Hook families

Far-right conspiracy theorist and InfoWars owner Alex Jones on Thursday took steps to liquidate his assets in order to pay legal damages owed to victims of the the 2012 Sandy Hook school massacre.

The move is necessary to cover the $1.5 billion he has been ordered to pay the families of victims, and would end his ownership of InfoWars, which he founded in the late 1990s. 

Lawyers for Jones wrote in a court filing Thursday that "there is no reasonable prospect of a successful reorganization" of his debts stemming from defamation lawsuits.