(Photo by Jim Spellman/WireImage)

Judge Issues Final Judgment in Hulk Hogan vs Gawker Case, Gawker Reportedly Files For Bankruptcy

By Nick Paglino

According to Recode.com, Gawker was back in court today and a judge issued a $140 million final judgment in favor of Hulk Hogan. The verdict in the Gawker case was upheld, and furthermore a permanent injunction was issued earlier this week which prohibited Gawker from posting Hogan’s sex tape video. Additionally, a 4.77% interest rate per year was imposed on the $140 million which is owed to Hogan.

Read Also: Gawker Founder Posts Essay Responding to Hulk Hogan Verdict

As a result of the past two key decisions in the Hogan vs Gawker case, Gawker Media has filed for Chapter 11 bankruptcy and plans to find a new owner for the company. The Recode article notes Gawker has a “firm bid” from publisher Ziff Davis to buy the company for under $100 million. Ziff Davis operates IGN, AskMen and PCMag.

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Nick Paglino
Nick Paglino

Nick was born and raised in Detroit, Michigan, and lived there until the age of 18, when he decided to pack his flack jacket and move to New York City.

Nick attended New York University and graduated in 2001 with a degree in Drama.

Nick first entered the internet wrestling community back in 2004 when he became the co-host of The Voice of Wrestling Radio Show. From there, Nick made the transition from radio personality to editor when he began working with WrestleZone in 2008.

Nick is a member of two Off-Broadway theatre companies, Another Urban Riff, and the Drama Desk Award winning Godlight Theatre Company. Nick has appeared in over a dozen Off-Broadway plays since he moved to New York City, and has shot several short and feature length films. In 2010, he completed principle photography on a film titled "How to Score Your Life," which also features TNA Knockout ODB.

Inspiration in his life has come from many people including his family, Woody Allen, Steven Spielberg, Jack Nicholson, The Beatles, and of course, Lassie.

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