Gawker to pay Hulk Hogan $31 million in settlement

The media company finished the saga on its lawsuit with the former pro wrestler. The legal battle, which went on for four years, caused the company to declare bankruptcy.

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He was referring to a settlement in his four-year legal entanglement with former pro wrestler Hulk Hogan, whose given name is Terry Bollea.

Denton, whom a court originally ordered to pay Bollea $140 million for invasion of privacy, filed for personal bankruptcy following the verdict this past spring. The parties settled for $31 million this week, thus ending a story that started when Gawker posted a video of Bollea having sex with a friend’s wife. Gawker claimed that the First Amendment protected its right to publish the video.

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Denton said in his post that the “settlement … allows us all to move on, and focus on activities more productive than endless litigation.”

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