A Florida judge on Wednesday refused to reduce the size of the award.ĭuring the trial in Florida in March, Hogan's lawyer said Gawker Media's gross revenue in 2015 was $48.7m. Gawker has not said whether it could afford to pay the $140m verdict. The Wall Street Journal and the New York Post reported Gawker was interested in a sale. In March, a jury awarded Hogan 140 million in damages. The company said it had "recently" hired the banker, Mark Patricof, of Houlihan Lokey. Hogan, a professional wrestler whose real name is Terry Gene Bollea, sued Gawker for publishing a video clip in 2013 of him having sex. A jury on Friday awarded Hulk Hogan 115 million in his lawsuit against Gawker Media, agreeing the company violated his privacy by posting a sex tape of the ex-pro wrestler online. Gawker said on Thursday it expects to prevail in an appeal of the Hogan verdict and that it is exploring contingency plans. The company also wrote other articles that he said he considered critical of his friends and others. Yaron Steinbuch Ma11:29am Updated Jurors in Hulk Hogan’s sex video trial on Wednesday heard a videotaped deposition of Gawker’s former editor in chief saying he’d draw the. A Florida jury granted famous wrestler Hulk Hogan 115 million in compensatory damages to be paid by Gawker, the news site that Hogan has accused of violating his privacy by publishing a. "I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bullying people even when there was no connection with the public interest," Mr Thiel told the New York Times. One of the company's blogs, the now-defunct Valleywag, posted a story in 2007 that said Mr Thiel was gay, when he had not yet publicly disclosed his sexuality. He claims that the company leaked a transcript in which he used a racial slur, which caused him. "Now you show yourself as a thin-skinned billionaire who, despite all the success and public recognition that a person could dream of, seethes over criticism and plots behind the scenes to tie up his opponents in litigation he can afford better than they." Hogan, 62, recently sued Gawker again, this time for intentional infliction of emotional distress.
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