Online media network and blog network giant Gawker has been ordered by a jury to pay Hulk Hogan a massive $140 million in damages. If you remember, Hogan sued Gawker Media for invasion of privacy and publishing snippets of a sex tape of him having sex with the wife of his best friend back in 2012.
Last week the jury awarded Hogan $115 million and has now added a further $25 million in punitive damages. Bringing the total to a staggering R2.1 billion.
“On Monday, the Clearwater, Fla., jury upped Hogan’s award by another $25 million for punitive damages. As a result, the total award has ballooned to $140 million, or more than three times the company’s 2014 revenues.
Still, predictions of Gawker’s demise are premature — despite evidence suggesting that Gawker may not have the cash to pay a $140-million award to Hogan” [USA Today]
Gawker is expected to appeal the verdict.
Now you know.