Now, as part of the settlement Daulerio signed late Monday, Hogan has agreed to stop his pursuit. In addition to the punitive damages Daulerio was solely responsible for, Hogan's lawyers sought sanctions from the former editor for allegedly misrepresenting his indemnification protections from Gawker, as well as reimbursement from other legal fees racked up during the case. In the Hogan case, Daulerio was the only defendant in the case who didn't seek bankruptcy protection and, as a result, was on the hook for the bulk of the damages awarded to Hogan if the settlement fell through. Biddle did not respond to a request for comment. Neither has settled, according to a source familiar with the situation, because Harder demanded that the two journalists refrain from publishing future pieces that may be tangentially related to the original story involving Terrill. Two parties that have not yet settled include former Gawker Media employees John Cook and Sam Biddle, who were named defendants in Terrill's lawsuit. Daulerio, who published the Hogan sex tape. “The court recognizes that journalists should not be left holding the bag if a media company goes bankrupt.”Ī number of other smaller settlements were incorporated into the liquidation plan since, including deals between Hogan and Denton as well as ex-Gawker editor A.J. “This sets an important precedent for journalists everywhere,” said Mark Bailen, a lawyer at the firm Baker & Hostetler who wrote the brief. Approval of the agreements, granted in lieu of formal indemnification protections, was requested last week by 21 media organizations who signed a friend of the court brief in support of former Gawker journalists. Neither Harder nor Gawker bankruptcy lawyer Gregg Galardi responded to requests for comment for this story.Īs part of Gawker's liquidation plan, which will go into effect later this month, former writers for the website will be released from future liability associated with stories they wrote as Gawker Media employees. Flagship website, however, was shuttered after Gawker's estate couldn't find a buyer for what many believed was a website that was too toxic to continue. Denton eventually sold the company's assets, including a half dozen sister publications to Univision Communications. Gawker initially vowed to appeal the judgement, but when doing so proved too costly, the company and its founder Nick Denton filed for bankruptcy protection. Earlier this year, a Florida jury found awarded Hogan more than $140 million in damages after it found that Gawker had invaded his privacy by publishing the tape. ![]() ![]() The settlement marks the end of a four-year battle between Hogan and Gawker, which published clips of a sex tape featuring the celebrity in 2012. The agreement, which includes a $31 million payout to the former professional wrestler, whose real name is Terry Bollea, had already been accepted by creditors who were granted voting rights in the deal. Gawker Media's bankrupt estate will begin paying its long list of creditors after a federal bankruptcy judge approved its settlement with Hulk Hogan as part of the company's final liquidation plan on Tuesday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |