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Hulk Hogan -- $115 MILLION VICTORY ... In Gawker Sex Tape Case
Florida Jury Hands Hulk Hogan a $115 Million Victory in the Gawker Sex Tape Trial
Hulk Hogan aka Terry Bollea, left along with attorney Seema GhatnekarBoyzell HoseyHulk Hogan aka Terry Bollea, left along with attorney Seema Ghatnekar
MEDIA
Peter Kafka
By Peter Kafka
March 18, 2016, 3:58 PM PDT
Round one in the Hulk Hogan/Gakwer sex tape trial goes to the wrestler: A Florida jury found decisively in his favor, and says the Web site owes him at least $115 million in damages.
The jury will likely increase the award next week, when it plans to announce punitive damages in the case, which stems from Gawker’s 2012 publication of an excerpt of a sex tape featuring Hogan.
This is the worst-case scenario that Gawker Media owner Nick Denton had sketched out last summer, when the case was first supposed to go to trial.
Denton and his legal team ave said, over and over, that they assumed they would lose the first round of the privacy case, and would then have to appeal it. But they were hoping that damages would be much less than the $100 million that Terry Bollea – the wrestler who performs as Hogan – was seeking.
The prospect of a giant award was one of the reasons Denton sold a stake in his company to Columbus Nova Technology Partners earlier this year — the first time he has ever taken outside investment.
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