Right-leaning news outlet seeks bankruptcy amid financial challenges, according to sources.

The Gateway Pundit Files for Bankruptcy Amid Legal Battles

Far-right News Site in Financial Crisis

After facing backlash and litigation for spreading false claims about the 2020 U.S. election, The Gateway Pundit, a prominent far-right news site, has filed for bankruptcy. The site’s founder, Jim Hoft, attributed the bankruptcy to what he described as “progressive liberal lawfare attacks” aimed at silencing the company.

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Reorganization Amid Legal Challenges

Despite filing for bankruptcy, Hoft clarified that it is not an acknowledgment of fault but a strategic move to consolidate litigation efforts against the company. The Gateway Pundit plans to continue publishing despite its financial troubles.

Legal Troubles and Chapter 11 Protection

TGP Communications, the corporate entity behind Gateway Pundit, filed for Chapter 11 protection in Florida, estimating its assets to be between $500,000 and $1 million. The site gained prominence by promoting former President Donald Trump’s baseless claims of election fraud, drawing ire and legal action from those targeted in its false stories.

Defamation Lawsuits and Bankruptcy

Several right-wing figures, including Rudy Giuliani and Alex Jones, have faced bankruptcy due to defamation lawsuits in recent times. The Gateway Pundit is now grappling with legal challenges from individuals like Ruby Freeman and Wandrea Moss, Georgia election workers who won a significant defamation verdict against Giuliani.

Legal Battles Continue

While bankruptcy filings pause ongoing lawsuits and may discharge debts, they do not guarantee protection from legal obligations. Alex Jones, for example, was denied relief in bankruptcy court, emphasizing the serious consequences of spreading false information.

What Lies Ahead for The Gateway Pundit

As The Gateway Pundit navigates through bankruptcy proceedings, the future of the far-right news site remains uncertain. Legal battles, financial woes, and the fallout from spreading misinformation continue to cast a shadow over the once-prominent platform.

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