According to The New York Post, a bankruptcy plan has been approved by a Manhattan Federal judge for Gawker, and it includes a $31 million payout to WWE Hall of Famer Hulk Hogan.
As noted, Hogan forced Gawker into bankruptcy in June when he tried to collect on a $140 million award from a Florida jury after the site posted a video of him having sex with his then-best friend’s wife.
Lawyer Gregg Galardi, who represents the bankrupt Web site, said the $31 million Hogan settlement “was very favorable” because it’s only a fraction of the $140 million award. Hogan is expected to receive the money by the end of the year.