Chapter 11 of the US #bankruptcy code gives #debtors a number of protections, incl. non-debtor third-party releases (note a company director or officer in this case is considered #nondebtor), and use of divisional #merger transactions to separate assets and #liabilities. #AlexJones of #infowars infamy has filed under #chapter11 and as a result not expected to pay anywhere near the $1bn he owns #sandyhook victims https://www.vox.com/recode/2022/10/19/23411731/alex-jones-infowars-trial-bankruptcy-sandy-hook-infowars-chapter-11-peter-kafka-column