Hogan legdrops Gawker. Gets insane amount of money

[seabs]

Virgil is after that fuck money also.


I wonder if Hulk will use this in a I can't be racist I have black friends way, it wouldn't surprise.

 

[Stopspot]

Another delicious piece of justice in this piece:

Hogan also sued Gawker founder Nick Denton and former editor Albert Daulerio, and the jury found those two personally liable as well.

What does this mean? This means that they cannot just declare Gawker bankrupt to avoid paying Hulk his money (which is something a lot of companies do when they lose in court in cases of this size). Denton and Daulerio are personally on the hook as well. Hulkamania is going to run wild on their personal fortunes as well as the corpse of Gawker.

And thanks to intentional tort (which is an iirc and thus legal in Florida), Denton cannot just declare personal bankruptcy to avoid paying.

tldr: Hogan's lawyer was smart enough to ensure that Gawker cannot avoid paying. Through also suing the founder and editor, they cannot just declare the company bankrupt, and through Intentional tort, they themselves cannot declare bankruptcy. One way or another, Hulk is getting his money.

 

[seabs]

 

[Jacob Fox]

Another delicious piece of justice in this piece:

Hogan also sued Gawker founder Nick Denton and former editor Albert Daulerio, and the jury found those two personally liable as well.

What does this mean? This means that they cannot just declare Gawker bankrupt to avoid paying Hulk his money (which is something a lot of companies do when they lose in court in cases of this size). Denton and Daulerio are personally on the hook as well. Hulkamania is going to run wild on their personal fortunes as well as the corpse of Gawker.

And thanks to intentional tort (which is an iirc and thus legal in Florida), Denton cannot just declare personal bankruptcy to avoid paying.

tldr: Hogan's lawyer was smart enough to ensure that Gawker cannot avoid paying. Through also suing the founder and editor, they cannot just declare the company bankrupt, and through Intentional tort, they themselves cannot declare bankruptcy. One way or another, Hulk is getting his money.

Denton seems to be appealing too, so he'll have to post $50 million as a supersedeas bond in order to do so. Pretty much good faith money to insure that the appeal isn't simply to delay payment. Florida only allows $50 million for supersedeas bonds, so it can keep him from having to pay the entire amount until after the appeal...of course if he loses or the amount isn't reduced lower than $50 million,the money from the bond automatically goes to Hogan.

But yup. Hogan is getting some money.

 

[Jacob Fox]

The biggest Hulkamaniac of 'em all, @Jacob Fox, will be happy to hear/see these news, brother! :hogan:

You married that biggest Hulkamaniac ever... wonder what that says about you?

 

[Stopspot]

Denton seems to be appealing too, so he'll have to post $50 million as a supersedeas bond in order to do so. Pretty much good faith money to insure that the appeal isn't simply to delay payment. Florida only allows $50 million for supersedeas bonds, so it can keep him from having to pay the entire amount until after the appeal...of course if he loses or the amount isn't reduced lower than $50 million,the money from the bond automatically goes to Hogan.

But yup. Hogan is getting some money.

How the court reacts to the appeal will be interesting. Since Denton's and Gawker's approach to the court, jury and case has been "Fuck you" all way through since they never thought Hogan would win.

 

[Bort]

Probably about what Linda took from him.

 

[Senhor Perfect]

How long before we see hulk start his own promotion?

 

[Roadster]

How long before we see hulk start his own promotion?

He doesn't need any lawsuit money to form his own promotion. He ran his tour with many other wrestlers in 2009. 2 years after a divorce and a lawsuit on his son.

 

[Stopspot]

How long before we see hulk start his own promotion?

Dixie Carter is probably calling about investing as we speak

 

[Solidus1]

Not sure how much of an impact this has on Gawker's business, I know they are worth much more.

 

[InSaNe]

Not sure how much of an impact this has on Gawker's business, I know they are worth much more.

Sorry, but I disagree. The only most valuable thing they have is Kotaku, which is the video game business arm of Gawker. Other than that, everything else is just shit.

 

[Solidus1]

Sorry, but I disagree. The only most valuable thing they have is Kotaku, which is the video game business arm of Gawker. Other than that, everything else is just shit.

There's nothing to disagree with, Gawker and Nick Denton are worth more/have a higher value than $115m.

 

[InSaNe]

There's nothing to disagree with, Gawker and Nick Denton are worth more/have a higher value than $115m.

....higher than 115 million dollars. Those assholes don't have shit. $50 million appeal isn't going to do shit for them. Hogan is getting the money back what he is owed. They shouldn't have posted that sex tape or the racist shit about him in the first fucking place!

 

[Solidus1]

....higher than 115 million dollars. Those assholes don't have shit. $50 million appeal isn't going to do shit for them. Hogan is getting the money back what he is owed. They shouldn't have posted that sex tape or the racist shit about him in the first fucking place!

They have $300m+.