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Post by The Ultimate Nullifier on Jul 31, 2016 16:16:32 GMT -6
www.f4wonline.com/daily-updates/daily-update-ufc-201-woodley-balor-nxt-nikki-bella-comeback-217616Judge Pamela Campbell ruled that Hulk Hogan could start seizing the assets of Gawker founder Nick Denton, claiming that he misled the court about the value of his company. Denton couldn't raise the $50 million bond that was required to appeal the $140 million verdict awarded to Hogan, so he put up his stock in Gawker as collateral, telling the court it was worth $81 million. Campbell agreed to the terms until finding out the stock was worth $27 million. When Denton said the stock was worth $81 million, he was already preparing a bankruptcy filing and was selling the company for $90 million, and Denton owned one-third of the company. She ruled his stock value is not adequate for the bond and ruled if he can't appeal, then Hogan could start collecting. Denton is looking for an emergency stay of the court order.
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