|
The NY Post reports that a Manhattan federal judge has approved a bankruptcy
plan for Gawker that includes a $31 million payout to Hulk Hogan. Hogan’s suit
against Gawker was financed by Pay Pal creator Peter Thiel, who is working with
the upcoming Trump administration. Thiel paid all Hogan’s bill because he was
upset with Gawker for outing him. Hogan’s case drove the website into bankruptcy
when a Florida jury awarded him a $140 million award after they posted video of
Hogan having sex with the wife of then-best friend Bubba the Love Sponge. The
verdict included $55 million in economic damages, $60 million for emotional
distress and $25 million in punitive damages. The deal means Hogan will get less
but now has made back all the money he lost after his divorce and his son,
Nick’s conviction for a wrongful death case. There is a documentary on Hulk
Hogan’s legal battle with Gawker called Nobody Speak that will debut at the
Sundance Film Festival in January. |
