Monday, June 20, 2016

BLOOMBERG: Hulk Hogan Lawsuit Against Gawker Media Halted Until July 13

Hulk Hogan Lawsuit Against Gawker Media Halted Until July 13
http://www.bloomberg.com/news/articles/2016-06-15/hulk-hogan-lawsuit-against-gawker-media-halted-until-july-13

Gawker 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).

Gawker is facing lawsuits from several former subjects of its articles, including Mr. Bollea, blogger Charles C. Johnson, journalist Ashley Terrill and tech entrepreneur Shiva Ayyadurai.
“We can no longer afford to litigate on all of these fronts,” Gregg Galardi, Gawker’s lawyer,(pictured) told the judge Wednesday. ( click on image to see larger)

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