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• #Hul hogan gawker settlement professional

Late Tuesday, an agenda filed in federal bankruptcy court in Manhattan noted that Gawker’s estate had discussed “various resolutions” with members of a committee of unsecured creditors–the largest of whom is Hogan–and that it had reached a settlement “with certain creditors.” Multiple sources familiar with the negotiations told FORBES prior to the settlement’s revealing that the basic framework of a deal had been reached earlier this week. Stories published about Hogan, Ayyadurai and Terrill will also be removed on. As part of Wednesday’s deal, two of Harder’s other clients, Shiva Ayyadurai and Ashley Terrill, who sued the media outlet for defamation, will also get a combined $1.25 million. Hogan’s case was led by Hollywood lawyer Charles Harder, who was paid by Thiel and who has brought multiple other lawsuits against Gawker. Following its bankruptcy, the New York-based company sold several of its websites, though not its flagship, to Univision for $135 million. In March, a Florida jury awarded Hogan more than $140 million in damages after it found that Gawker had violated his privacy by publishing an excerpt of a sex tape featuring him and his friend’s wife.Īs a result, Gawker was forced to file for bankruptcy in June while it worked on an appeal. The settlement puts a bookend on a bizarre story that involved a wrestling icon, a boundary-pushing blog and Silicon Valley billionaire Peter Thiel, who secretly bankrolled Hogan’s case.

“As with any negotiation for resolution, all parties have agreed it is time to move on,” Hogan’s personal attorney David Houston said in a statement. The settlement, pending approval by a federal judge, effectively ends any appeal from Gawker, which lost a landmark invasion of privacy case against Hogan earlier this year and, as a result, was forced to declare bankruptcy. In paperwork filed in federal bankruptcy court in Manhattan, Gawker disclosed that it had reached an agreement with Hogan, whose real name is Terry Bollea, for $31 million.

#Hul hogan gawker settlement professional

Gawker Media agreed to settle a lawsuit with former professional wrestler Hulk Hogan on Wednesday, ending a four-year saga that began with the publication of a sex tape and served as the death knell for the now defunct news organization.