Hulk Hogan Settles With Gawker For $31 Million (go.com)
Gawker Media, which filed for bankruptcy after losing a lawsuit brought by the former professional wrestler Hulk Hogan, has settled the case. The settlement, which court documents indicate is for $31 million, comes less than eight months after a jury awarded Mr. Hogan $140 million in damages in an invasion of privacy case lawsuit over Gawker's publication of a video that showed Hogan having sex with a friend's wife. From a report on ABC: Settlement documents filed at a New York federal bankruptcy court stipulate that Hogan, whose real name is Terry Bollea, will get $31 million plus share with other creditors 45 percent of any additional funds that come into the bankruptcy court by virtue of third-party claims brought by Gawker. Hogan's camp said in a statement: "After almost five years of litigation all parties agreed it was time to resolve this matter. This will allow people to go about their lives and concentrate on things more important than continued court proceedings. As in any case involving negotiation all parties give-and-take. We would like to thank everyone involved in the process." In a blog post on the settlement, Nick Denton, the founder of Gawker Media, wrote: "After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over."
Who invented email? This settlement includes $750,000 to Shiva Ayyadurai and removal of the article that debunks his claim that he invented email.
Does anyone think that part of the settlement is justified by anything except Thiel's money?
The real "Libtards" are the Libertarians!
he did before his wife took half and he got blacklisted because of gawker.
just because someone has something doesnt mean if they are wronged they should just deal with it
have you seen my sig? there are many others like it but none that are the same
Seriously, fuck Nick Denton, and fuck Gawker. The only way it could have turned out better is if Hogan ended the court case with a leg drop. Peter Thiel is a hero for helping to take out this tabloid that insisted on masquerading as a legitimate news agency.
BeauHD. Worst editor since kdawson.
Not really.
You ignored one simple fact - Gawker was ordered to take down the video. They said they won't.
Sure the tape may be factual evidence, but when a judge orders you to take it down during your lawsuit, you take it down.
It doesn't matter who's right or wrong in the matter - the judge said to do it, so you do it to avoid the wrath of the judge.
In fact, this one act of defiance likely is what brought the damages up. Gawker got away pretty light - the judge could've found them in contempt and instead all they got was enhanced damages.