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Hulk Hogan Awarded Big Money In Gawker Lawsuit

Hulk Hogan sued Gawker after they released sex tapes that included himself and Bubba The Love Sponge’s then-wife Heather Clem. The case went to trial, and the jury awarded Hogan $115 million in damages.

$55 million for economic injuries and $60 million for emotional distress.

Keep in mind that Hogan originally sued for $100 million.

  • Solid

    I guess the jury seems to place emotional distress as a higher priority than loss of business as in other cases when punitive damages are given to punish the defendant.

  • Kayfabe_Is_Dead

    Anyone else find it amazing that there is a higher price on “emotional distress” than there is on economic injury???

  • Hunter_13

    well… i think hogan has found a new way to make money outside of WWE….

  • jrock2310

    pretty much what I said… getting a pay day, but not the whole pie. #Gist

  • Solid

    hahahahaha yep.

  • D2K

    Maybe he can finally afford some t-shirts that don’t rip so easily. 🙂

  • D2K

    That’s not even the beginning of the story. Hogan was awarded compensatory damages upwards of 100 million. He also can be awarded punitive damages as well which means even more money. Gawker has already stated their intent to appeal, but like I said, Hogan’s lawyers already knew this. The whole basis of their appeal is that Bubba The Love Sponge did not testify. That’s about as shabby as their defense was. So they are gonna lose the appeal too.

    According to Florida state law, Gawker must post $50 million dollars bond one month after punitive damages are assessed regardless if they win their appeal or not. So the LEAST amount of money Hogan will get is $50 million dollars. Like I said however, the fact that jury ruled in Hogan’s favor for “emotional distress” is something that can derail any attempt of judgment discharge do to bankruptcy. Had that not of happened, they might of been able to escape playing the full $115 million by filing bankruptcy. So they are screwed no matter how you slice it.

    THAT…is the end of the story.

    *cue Real American theme music and roll the credits*

  • jrock2310

    also, their net worth is only $250m. Hogan is essentially getting half. that’s when people start to cash out (which has already happened). now, someone else could buy it out & reboot it, but it will essentially be losing more than half its capitol. and will take years to regain what little credibility that they had. it will basically be an up-start company again. any business that loses half… bye bye.

    but like I eluded to, Hogan isn’t getting half. these things never work out how they say. gawker will pay, the judge will penalize them heavily, people will be fired, they will be on some sort of journalistic probation… Hogan will get paid, gawker will settle down for a while. end o’ story.

  • Solid

    $115 Million… that’s a lot of bandanas 😛

  • D2K

    Maybe, maybe not. One of the exceptions of bankruptcy discharge is willful and malicious injury caused by debtor.

    Being that the jury ruled in his favor for “emotional distress” his legal team can use that as an argument and the judgment cannot be discharged. I’m sure Hogan’s lawyers are well aware of all routes of escape by Gawker and have all those avenues covered.

  • jrock2310

    not necessarily… gawker will appeal, and if that is thrown out or denied, they most likely file for bankruptcy. Hogan will get something, but won’t be anything near $115m.

  • D2K

    I’m in no position to fault him for his sin and transgressions because I have more than enough of my own to repent for. That being said he deserved to win his lawsuit. Now he can pay the Graziano family off in full and move on with his life with or WITHOUT WWE.

    Hopefully this will be a message to media that just because something happens in someone’s life that is famous doesn’t mean you have the right to use it for your own purposes.

    How ironic that after this Hogan will be richer than he ever was before.

  • norm

    how come there is a jury in a civil lawsuit?