Gawker founder Nick Denton is filing for bankruptcy

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Gawker founder Nick Denton is filing for bankruptcy

Gawker founder Nick Denton is filing for bankruptcy

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 Hogan

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