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Gawker Founder in Bankruptcy After Losing Hulk Hogan Case

  • Nick Denton faces liability over wrestler’s sex-tape suit
  • Chapter 11 petition lists over $100 million in liabilities
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An Inside Look at the Gawker Auction Process

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Nick Denton has lost another round to Hulk Hogan.

The Gawker Media founder sought bankruptcy court protection Monday in New York, after a Florida judge refused to halt enforcement of a $140 million damages award in pro wrestler Hogan’s invasion-of-privacy lawsuit.