The avenging ghost of Peter Thiel (metaphorically speaking of course, Thiel is quite alive) continues to haunt Nick Denton, who two months after putting Gawker in bankruptcy after losing a sex tape lawsuit against Hulk Hogan, is set to file for personal bankruptcy protection on Monday according to numerous press reports.
The reason for the filing is that Denton is personally liable for a $125 million share of the $140 million Hulk Hogan sex tape judgment. The decision to file comes after a Florida appeals court earlier in the day denied Denton and former Gawker editor A.J. Daulerio’s latest request for an emergency stay while the company appeals the judgment.
As previously reported, Denton’s attorneys had argued that a stay is warranted because Hogan’s lawsuit and other litigation against Gawker is being funded by billionaire Peter Thiel, a critic and target of the online media company’s coverage of Silicon Valley.
“Gawker Media Group’s resilient brands and people will thrive under new ownership, when the sale closes in the next few weeks,” Denton said Monday on Twitter. “On this bitter day for me, I am consoled by the fact that my colleagues will soon be freed from this tech billionaire’s vendetta.” A representative for Hogan did not immediately respond to a request for comment.
(2/2) On this bitter day for me, I am consoled by the fact that my colleagues will soon be freed from this tech billionaire’s vendetta.
— Nick Denton (@nicknotned) August 1, 2016
Denton and Daulerio are represented by Gregg Thomas and Rachel Fugate of Thomas & LoCicero PL, and Seth Berlin, Michael Sullivan, Michael Berry, Alia Smith and Paul Safier ofLevine Sullivan Koch & Schulz LLP. Bollea is represented by Kenneth Turkel and Shane Vogt of Bajo Cuva Cohen & Turkel PA, Charles Harder of Harder Mirell & Abrams LLP, and David Houston.
The appeal is Gawker Media LLC et al. v. Terry Gene Bollea, case number 2D16-2535, in the District Court of Appeal, Second District, State of Florida.
We will post the bankruptcy filing as soon as it hits the bankruptcy court docket.
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