Gawker founder Nick Denton is filing for bankruptcy
 

Gawker founder Nick Denton is filing for bankruptcy
http://i.amz.mshcdn.com/wu-ts2VSzfTT...FDenton_12.jpghttp://a.amz.mshcdn.com/assets/feed-...50839a8e00.jpghttp://a.amz.mshcdn.com/assets/feed-...32c6f24ba1.jpg
Gawker founder Nick Denton is planning to file for personal bankruptcy on Monday, as his legal battle with Hulk Hogan — backed by billionaire tech investor Peter Thiel — continues.

Denton's financial situation came into question after a Florida jury awarded Hogan a whopping $115 million in damages for Gawker's publication of a clip of a *** tape featuring Hogan and the wife of one of his friends. Of those damages, Denton was personally liable for $10 million.*

Denton appeared to make reference to the filing on Twitter. A source familiar with the situation confirmed that Denton was talking about his filing.* Read more...

More about Business, Digital Media, Gawker, Hulk Hogan Trial, and Hulk Hoganhttp://pubads.g.doubleclick.net/gamp...0&c=1470071078
http://feeds.feedburner.com/~r/Mashable/~4/smwo9YM4v-E