Gawker Media filed for Chapter 11 bankruptcy on Friday — hours before the media company was sold at auction to another media giant.
The move came after a Florida judge ruled Gawker must pay former wrestler Hulk Hogan $140 million for publishing a sex tape that shows him having intimate relations with the then-wife of his best friend.
A judge refused to grant owner Nick Denton a new trial and ordered him to put up a $50 million bond to file an appeal.
Denton chose to sell the company instead.
In the bankruptcy filing Denton said his company has $2 million in cash and 200-500 creditors with an estimated $100 million to $500 million in debt.
He said he filed for bankruptcy to scrape up enough cash for an appeal and to preserve jobs.
Filing for an appeal means Hogan probably won’t see a penny of his $140 million judgment for years.
Hopefully he won’t die of a heart attack before then.
Damn nothing worse than a ninja who won’t pay up.
Filing for an appeal means Hogan probably won’t see a penny of his $140 million judgment for years.
… Hogan probably won’t see a penny of his $140 million judgment EVER.
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If he gets anything, it will not be anywhere close to $140 Million. Maybe $140.
new post nekkid man!
IDK who decided that leaking this old man’s wrinkly pink eggs and sausage link doing anything was a good idea or will make them money ..
I see Gawker took a course at Trump U on Bankruptcy 101
I guess the last sentence of this post is referring to alleged steroid use, similar to the demised of Kimbo Slice due to his prolonged steriod use.
I remember when gawker was going tobleak a sex tape with hulk back in 2011. I had his old phone number so I got all his calls and there was a man that called to warn him the tape was going to be on gawker. I always kept the phone with all the text messaged and all but I never discussed anything about his business although I knew a lot.
Hulk Hogan didn’t deserve that money anyway!?
Good for the racist, backstabbing, cheating ???OINK OINK OINK. I hope he never sees a ????
Naw hulk is old as hell. Think he is already 65/70
Well that was a meaningless trial. He ain’t getting a penny.
I made those nig…I mean gawker go bankrupt brother!!!
–Hulk Hogan
Hulk was just a pawn a Silicon Valley billionaire who had beef with gawker for outing him backed this lawsuit and others he spent about ten million to bankrupt gawker
Yeah, but that billionaire paid all his legal bills and he won the case. Not sure if he’ll get anything since they filed BK tho.
I can’t see paying a man for sleeping with his best friend’s wife.
I don’t think the lawsuit was about the money. This super rich guy helped Hogan finance the whole lawsuit because Gawker pushed him out of the closet…Freedom of speech isn’t always free…
Lmbo
Who wants to look at an over 65 washed up wrestler anyway. Even it it had came out, he would have only sold 1 or 2 copies lol don’t nobody wanna see that sh!t
Don’t nobody wanna see him naked anyway
Over the years Hulk has shown us how big of a piece of white trash he is, sleeping with his friend’s wife, using the N word, rubbing that sun tan lotion all over his DAUGHTER’s body lol I hope he doesn’t see a dime
You blogs gonna learn
Wow, I bet that was entertaining.
Hulk is already rich…. He just wanted to ruin that website which he done effortlessly.. He’s a racist pig…. But I also hate websites that use their platform to expose people’s most private moments. I had nudes of me leaked online before, and it’s not a good feeling. Especially when that website don’t follow proper DMCA procedures, and ignore the law.
Hogan didn’t ruin anything. Gawker’s owner was smart enough to sell the entire company to a friend of his. Gawker is still online and no one lost their jobs. Meanwhile, Hogan won’t see a penny of that money for years while the case is tied up in appeals court.
Hey, Gawker…
Hogan didn’t want/need that money. He wanted revenge, and I’d say he got it.