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."

Comments

Re:Poor Nick Denton

[lgw]

Well that depends on who you Americans vote for in the next what? 7-8 days...doesn't it. Then again, if you elect Hillary, you could see the first women president impeached too.

80% of "Democrats" and "Republicans" are just the Establishment Party, agreeing on the fundamental principle of taking bribes to funnel taxpayer money in return. Oh, they put on a show about stuff they don't care about at all, like gay marriage (where's the money in that?), but they agree on everything "important".

An angry 20% will never impeach anyone.