Gawker to cover Hulk Hogan $31 Million to stay Sex Tape Lawsuit

Gawker to cover Hulk Hogan $31 Million to stay Sex Tape Lawsuit

Gawker evidently is tapping out.

On Gawker Media’s founder Nick Denton published a statement that the company’s legal battle with Hulk Hogan over the publishing of an excerpt of a sex tape would be coming to a close wednesday.

“After four many years of litigation funded by way of a billionaire having a grudge heading back even more, a settlement happens to be reached, ” had written Denton. “The saga is finished. “

Based on bankruptcy papers filed Wednesday, Hogan is likely to be getting $31 million along with a share of distributions from a proceeds that are contingent account. Read More