A Florida jury on Friday awarded Hulk Hogan 115 million in damages in his lawsuit against Gawker Media in what amounts to a. Only last week, Hulk Hogan won a 115 million verdict against Gawker, its founder, and former editor for posting parts of a Hogan sex tape. Thiel was named in doing so for Gawker’s involvement in a 2007 article, which disclosed Thiel, the co-founder of PayPal and an early Facebook investor, as gay before the Silicon Valley billionaire made his sexuality public. Analyzing Hulk Hogan’s stunning 115M win in lawsuit vs. ![]() If the plaintiff wins, it is common to share the third-party portion of the proceeds. Thiel bankrolled the case was justified as “third-party litigation funding,” which is not illegal and is quite common. The billionaire fundingįorbes Magazine later revealed that Peter Thiel, a Silicon Valley billionaire, holds the financial backing of Hogan’s lawsuits against Gawker and their owner Denton. The lawsuit is for undisclosed monetary damages. A Manhattan federal judge Tuesday approved a bankruptcy plan for Gawker that includes a 31 million payment to Hulk Hogan, 1.5 million to settle four. In addition to Gawker, Hogan was reportedly going after a group of Florida residents for allegedly sending at least one of the sex tape recordings to Gawker. Hulk Hogan gets 31M in Gawker settlement. The ruling made the company accountable for $15 million in punitive impairments, Denton for $10 million, and Daulerio for $100,000. Hogan was given an added $25 million in corrective damages following his $115 million lawsuit victory. The verdict granted him $55 million in economic injuries and $60 million for emotional distress. A Florida jury led in favor of Hogan, and he was initially awarded $115 million in the lawsuit. Terry Gene Bollea took the stand in March in his invasion of privacy lawsuit against Gawker, officially maintaining that he is no longer the character he portrayed as Hulk Hogan. With the settlement, Hogan is taking home a little more than a fifth of what he was awarded by a Florida jury, after refusing to settle in his original lawsuit against Gawker. He explained that he used the racist insult because he was resentful about a situation between his daughter and her boyfriend. Hogan took to ABC’s Good Morning America and asked his fans for forgiveness after his banishment from the WWE. The WWE was then provoked to terminate its contract with the Hall of Famer, completely erasing him from its history. Hogan was recorded using the n-word while mentioning his daughter Brooke’s boyfriend. In July 2015, the National Enquirer and RadarOnline leaked racist audio from a separate Hogan sex tape with Heather Clem. Soon after filing his suit against the Clems, Hogan reached a $5,000 settlement with Bubba Clem in October 2012. Gawker said it acquired the video from an anonymous source and, therefore, that it should be protected under the First Amendment. ![]() Hogan and his lawyers’ team pursued $100 million in damages from Gawker since declaring he was clueless he was being filmed. Hogan furthermore sued Gawker, its founder Nick Denton and the author of the original post, A.J. A post shared by Hulk Hogan later sued Bubba and Heather Clem for plotting to record the sex tape without him being aware.
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