Strapped for cash, sources believe that Gawker Media, which operates sites such as Jezebel, Deadspin and Gizmodo, will likely file for bankruptcy and seek a stalking horse bidder, who may sell off its assets. Gawker: A timeline Jurors in the Hulk Hogan sex tape case ignored a plea for mercy Monday and added another 25 million to the 115 million they already awarded ex-wrestler Hulk Hogan. In recent weeks, it has also come to light that Silicon Valley billionaire Peter Thiel has been bankrolling the lawsuit against Gawker. Gawker has written about Thiel in the past, publicizing the fact that he is a gay man. Gawker quickly put in an appeal after the judge denied its request to reduce the damages. During the trial, lawyers for Gawker noted that the large verdict is “ far beyond the means” of the company. Daulerio, who edited when it published the clip in 2012, was finalized by the judge.Īccording to court papers, the damages carry an interest rate of 4.78 percent per year. UPDATED, March 21: Terry Bollea (aka Hulk Hogan) has just been awarded another 25M in punitive damages in his invasion of privacy lawsuit against Gawker Media, after. A Florida jury assessed Gawker Media millions more in punitive damages on Monday for having invaded the privacy of the retired wrestler Hulk Hogan, adding to the 115 million it awarded in. The hefty verdict included $25.1 million in punitive damages, $10 million of which is to come directly out of the pocket of Gawker Media founder and chief executive officer Nick Denton, and $100,000 to come from A.J. 2, 2016 In fighting a lawsuit filed by the former professional wrestler Hulk Hogan, Gawker Media lost nearly everything the verdict, its founder, its independence but it maintained. Inside the VIP Tent at the 2023 Veuve Clicquot Polo Classic
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