Peter Thiel’s legal campaign has targeted individual writers like Sam Biddle, editors such as John Cook, and me as publisher. "You may have seen the news that I have, as expected, had to join the company in bankruptcy. On Monday afternoon, Denton sent the following memo, with the subject line "Before the dawn," to Gawker employees: Charles Harder, the lawyer who represented Hogan and is reportedly being paid by Thiel, is also representing many of the other plaintiffs who are suing Gawker, Denton and other current and former employees of the company. The Hogan case is just one of many similar suits currently pending against Gawker and Denton. Ziff Davis, a publicly-traded company that owns, has made an initial bid of $90 million. The company's assets will be sold at a bankruptcy auction later this month. Denton told POLITICO that Gawker Media's was up 8 percent in the first half of 2016, compared to the first half of 2015. Traffic to Gawker Media sites has actually increased since the bankruptcy filing - from about 92 million global monthly unique visitors in April to about 104 million monthly global unique visitors in July, according to Quantcast. Since then, the company has continued to operate more or less normally. Gawker Media filed for Chapter 11 bankruptcy protection in June.
Gawker sold trial#
Over the past few months, Gawker, Denton and Daulerio asked three different courts - the Florida trial court, a Florida appeals court and a federal bankruptcy court in New York - to "stay" the judgment until the appeals court decided whether to uphold the judgment.īut these legal maneuvers were unsuccessful, which meant that Hogan was free to immediately move to collect on the judgment. Until that ruling, Hogan is free to seize their assets to enforce the judgment.
Gawker, Denton and Daulerio are appealing the judgment, but the appeals court likely will not rule on whether to uphold or throw out the judgment until next year. In March 2015, a Florida jury decided in favor of Hogan, awarding him $140.1 million - $15 million against Gawker, $10 million against Denton personally, $100,000 against Daulerio personally, and $115 million against all three defendants jointly. Peter Thiel, a billionaire technology venture capitalist who dislikes Gawker, secretly funded Hogan's lawsuit against the company. Hogan sued Denton, Gawker and Daulerio in 2012, after the news site published a short excerpt of one of Hogan's sex tapes. "On this bitter day for me, I am consoled by the fact that my colleagues will soon be freed from this tech billionaire’s vendetta." "Gawker Media Group’s resilient brands and people will thrive under new ownership, when the sale closes in the next few weeks," he wrote. Denton alluded to the imminent bankruptcy filing in two tweets on Monday morning.
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