HULK HOGAN TO GET GAWKER SETTLEMENT MONEY
  • 12/14/2016 (4:41:10 pm)
  • Bob Mulrenin

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 other lawsuits, and protection for former writers against future legal claims.

“The company got murdered,” said ex-Gawker reporter Jordan Sargent. “That we have these protections is a moderate victory.”

The plan indemnifies Gawker’s former writers against potential lawsuits over articles published before the company was sold to Univision in August for $135 million.

Hogan forced Gawker into bankruptcy in June when he tried to collect on a $140 million award from a Florida jury after the site posted a video of him having sex with his then-best friend’s wife.

Continue reading at the link below :

http://nypost.com/2016/12/13/hulk-hogan-gets-31m-in-gawker-settlement/

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