The seemingly eternal legal battle between Hulk Hogan and Gawker is finally over, according to Deadline.com. After Gawker released a sex tape of Hogan, which resulted in a lawsuit granting Hogan multi-million dollar awards and caused the company to go bankrupt, a settlement has finally been reached.
“After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached,” Gawker founder Nick Denton said today in a online statement with “A hard peace” as its title. “The saga is over.”
The "billionaire" the statement is referring to is Paypal co-founder Peter Thiel, who funded Hogan's lawsuit against Gawker and had numerous issues with the company in the past.
Earlier this year, a judge awarded Hogan $141 million but the official settlement figure has not been released, although court documents repeatedly mentioned $31 million. In exchange for the reduced payment to Hogan, Gawker must remove the original story from the now defunct website, which Denton claimed is the "most unpalatable" part. Denton feels the story shouldn't have to be removed because it's true, no matter how "newsworthy" it is or it isn't.
Hogan's lawyer David Houston released a statement as well today, saying all parties are relieved the saga is finally over. “All parties have agreed it’s time to move on.”
Now that this is all over, is a WWE return closer?
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