Gawker Media Will Settle With Hulk Hogan and Other Litigants for $32 Million

Today the founder of Gawker Media, Nick Denton, announced that his bankrupt company would settle claims with three litigants: the wrestler Hulk Hogan, the scientist Shiva Ayyadurai, and the journalist Ashley Terrill. According to documents filed in federal bankruptcy court, the three settlements total $32,250,000. In a post on his personal blog, Denton wrote, "After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is ...