![]() “With all the lawyers in the case and the potential for other litigation to spin out of this, such as investor suits, I could see the total legal fees reaching $1 billion,” said John Coffee, a Columbia University law professor who teaches about M&A disputes. More than 70 lawyers were admitted to Delaware Chancery Court to represent various parties in the case - about 30 for Twitter, most of them from Wachtell Lipton Rosen & Katz, the most profitable firm in the country, and about 20 for Musk from firms including Quinn Emanuel Urquhart & Sullivan LLP and Skadden Arps Slate Meagher & Flom LLP. deal.Ĭonsider the dozens of lawyers who were preparing to spar at a trial over whether the world’s richest person could walk away from the buyout - and stood to earn millions of dollars doing it. The jury had agreed that Gawker invaded Hogan’s privacy.(Bloomberg) - Not everyone’s a winner in Elon Musk’s decision to go through with the Twitter Inc. Hogan sued Gawker in 2012 for publishing footage that showed him in a canopy-bed romp with Heather Cole, then-wife of Bubba the Love Sponge Clem. “What can we say? did everything we asked. ![]() “We look forward to going to the appeals court,” he said.Īnother Hogan lawyer, David Houston, was more than pleased. The judge instructed the jurors to consider “whether wrongful conduct was motivated by unreasonable financial gain,’’ whether there was a “high likelihood of injury actually known by” the defendants and “whether the harm was intentional malice.’’īefore leaving to deliberate, one female juror asked the judge, regarding the penniless Daulerio, whether the jury could dole out punishment in the form of community service.ĭenton was grim as he addressed reporters afterward. Gawker Media Group is worth $276 million. The jurors had been informed that Denton’s worth is $121 million and Gawker’s $83 million and that Daulerio has no assets and is $26,000 in debt.ĭenton’s net worth was calculated based on his interest in Gawker Media Group, Gawker’s parent company. Pinellas County Judge Pamela Campbell had told the jury that the second award couldn’t be “unreasonably large” compared with their first and should not “financially destroy or bankrupt any of the defendants.” Former Gawker editor AJ Daulerio Stephen Yang Meanwhile Gawker’s attorney, Michael Berry, pleaded with the jury, saying “$115 million is punishment enough. Meanwhile, Gawker’s lawyer, Michael Berry, asked them to spare his clients any more financial pain, insisting, “$115 million is punishment enough.” “Literally, everything was done with complete reckless disregard and intent to harm this man.” And that statement is, ‘We’re going to draw a line,’ ” he told them. The same panel on Friday had awarded Hogan $65 million for emotional distress and $50 million for the damage to his career and earnings.Īddressing jurors before deliberations Monday, the WWE champ’s lawyer, Kenneth Turkel, urged them consider the statement their verdict would make. The four-woman, two-man jury took about four hours to answer Hogan’s call to deliver a second blow to Gawker for posting the video of him having sex with the wife of his then-best friend, the shock jock Bubba the Love Sponge Clem, who secretly recorded the tryst. I’m really happy about everything that’s happened, and I think we made history today because I think we’ve protected a lot of people from maybe going through what I went through,’’ he said. Hogan, 62, whose real name is Terry Bollea, praised the award. Daulerio, who posted the video, was held liable for $100,000. Gawker owner Nick Denton must personally pony up $10 million of the additional punitive damages, while the gossip site is on the hook for $15 million and its former editor A.J. The Hulk Hogan jury hit Gawker with another body slam Monday, awarding the former pro wrestler $25.1 million on top of the $115 million it already gave him over the publication of his sex tape. ![]() Hulk Hogan wins $25 million more from Gawker in sex-tape lawsuit Hulk Hogan's ex-wife Linda banned by AEW after controversial tweetĭennis Rodman skipped Bulls practice to wrestle with Hulk Hogan Wrestler Titus O'Neil tells Jalen Rose about his shocking origins Hulk Hogan's new girlfriend is Sky Daily after divorce from Jennifer McDaniel Hulk Hogan pays emotional tribute to Scott Hall: 'Took care of me when I was down' ![]()
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