— WWE Hall of Famer Hulk Hogan has finally settled his ongoing legal dispute with Gawker.
— Hogan had previously been awarded a $140 million judgment against Gawker.com and its owner Nick Denton for the publishing of a sex tape. Hogan – backed by billionaire Peter Thiel – was engaged in litigation for over four years and the ensuing battle caused Gawker to file for Chapter 11 bankruptcy and Denton to file for personal bankruptcy as well.
— Although part of a confidential settlement, the reported amount that Hogan will get is $31 million.
— To read the full article, click here.
— On his personal blog, Nick Denton posted the following:
After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over.
As the most unpalatable part of the deal, three true stories — about Hulk Hogan, the claim by Shiva Ayyadurai that he invented email and the feud between the founders of Tinder — are being removed from the web.
To read the rest, click here.