Hulk Hogan Lawsuit Against Gawker Media Halted Until July 13by
The lawsuit that drove Gawker Media into bankruptcy last week has been halted until July 13 under an agreement with the parties involved.
Hogan, the former pro wrestler whose real name is Terry Bollea, sued Gawker for invasion of privacy after the online media company posted snippets of a sex tape he appeared in. In its June 10 bankruptcy filing, Gawker labeled Hogan’s $130 million claim “disputed.”
The company went to Manhattan federal court Wednesday to seek a bankruptcy judge’s approval of a loan to fund the company while it appeals the verdict and arranges an asset sale.
Gawker has also asked that the court shield its founder, Nick Denton, from litigants. In addition to the Hogan verdict, the company is facing lawsuits that seek about $169 million, according to court filings. The parties to the Hogan suit agreed to a standstill until next month.
The case is In re Gawker Media LLC, 16-11700, U.S. Bankruptcy Court, Southern District of New York (Manhattan).