Rose III, the director of Stetson University College of Law's Center for Excellence in Advocacy in Gulfport, Florida. "I would expect that this issue will be litigated, and they might receive some relief, but in the end if a Florida jury finds them liable, a Florida judge really has no reason to treat them with kid gloves on the issue of the bond," said Charles H. Gawker will likely appeal the bond, but eschewing the requirement might be tricky. Denton told Politico Media last year that the company made $6.7 million of profit on $45 million of net revenue in 2014. That requirement is capped at $50 million, a burden that would obviously still be onerous to Gawker. Petersburg, Florida courthouse on Monday to determine whether to impose punitive damages.Ĭomplicating the matter for Gawker is a Florida state law that requires appealing parties to post a bond for the full amount of monetary damages. The six-person jury - comprising four women and two men - decided to award Hogan $15 million more than that. "We don't keep $100 million in the bank, no," Denton said last summer. ![]() Daulerio and the site's parent company for $100 million over the publication of excerpts from his sex tape in 2012. ![]() Hogan, whose real name is Terry Bollea, had sued Denton, former editor A.J. The specter of the lawsuit is what prompted him to sell a minority stake in Gawker earlier this year, a first for a company that had been proudly independent. Related: Hulk Hogan jury to be spared watching full 30 minute sex tapeĪt first glance, the $115 million ruling does indeed look apocalyptic for Gawker.ĭenton, for his part, certainly never took the case lightly.
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