Gawker Founder Nick Denton Files For Bankruptcy In Wake Of Hulk Hogan Payout
Following the $140 million award granted to Hogan back in March when he won the invasion of privacy suit against Gawker Media, its founder Nick Denton filed for personal bankruptcy on Monday.
With all of his legal options exhausted to try to reduce the $140 million penalty awarded to Hulk Hogan over his invasion of privacy lawsuit, Gawker’s founder Nick Denton has filed for personal bankruptcy, according to multiple reports.
The British internet entrepreneur, 49, personally owes $125 million to former WWE champ Hogan after a Florida jury handed down the verdict in March this year. The other $15 million of the award is owed by Gawker Media itself.
Denton filed for bankruptcy to prevent Hulk Hogan [pictured] from seizing his assets
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