Gawker Media bankruptcy

Nick Denton has filed for bankruptcy, but his lifestyle has not changed much. The founder of Gawker filed for personal bankruptcy after a court ruled that he is legally responsible in a $125 million lawsuit filed by Hulk Hogan.  He continuously gives his husband a $1,550 allowance each month and pays almost $2,400 on food […]

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Before the bankruptcy auction of Gawker Media, billionaire Peter Thiel provides explanation on why he is supporting Hulk Hogan’s lawsuit against the online media company for invasion of privacy. In a New York Times op-ed, Thiel proudly declared his financial support for Hulk Hogan’s case and even said that he would be willing to support […]

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Nick Denton, founder of Gawker media, was denied by a judge to receive bankruptcy court protection by extending the company’s automatic stay to him.  He could be facing personal bankruptcy after the Manhattan bankruptcy court ruling on July 19, 2016. Gawker Media, suffering from financial troubles and controversy, filed for bankruptcy protection last June.  This […]

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Hulk Hogan, embroiled in a legal battle over a sex scandal, fights back over Gawker Media’s recent bankruptcy filing. Hogan is unable to collect a jury verdict worth $140 million against the multimedia site due to the recent bankruptcy petition filed last June 10, according to the court papers. The court papers stated that the […]

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Gawker Media’s sale plan has been approved by a U.S.  bankruptcy court judge on July 7, 2016.  This allows the online media company to start an auction that is likely to draw many bidders. A bankruptcy case was filed by Gawker in June 2016 to protect itself from a judgment worth $140 million from Hulk […]

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