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Post by The Ultimate Nullifier on Aug 1, 2016 11:00:39 GMT -6
variety.com/2016/biz/news/gawker-nick-denton-bankruptcy-1201827558/ Gawker Founder Nick Denton to File for Personal Bankruptcy Gawker Media founder and CEO Nick Denton is expected to file for personal bankruptcy on Monday. Denton is set to file for personal bankruptcy protection in Manhattan federal court, a source told the New York Post. Denton filed for Chapter 11 bankruptcy on behalf of Gawker in June. A Florida appeals court recently denied his motion for a shield against a court ruling in a breach of privacy case involving professional wrestler Hulk Hogan. Gawker, Denton and A.J. Daulerio, a former editor of Gawker.com, will have to pay Hogan $140.1 million. Denton alluded to the bankruptcy filing in two tweets on Monday morning before re-tweeting an article about the news, writing “and yes, this is happening today.” “Gawker Media Group’s resilient brands and people will thrive under new ownership, when the sale closes in the next few weeks,” Denton tweeted on Monday. “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,” he added, referring to Silicon Valley titan Peter Thiel, who secretly funded Hogan’s lawsuits against Gawker. lawsuit against Gawker for publishing a tape of the famous wrestler having sex with a pal’s wife. Thiel had a personal vendetta against Denton after Gawker outed him as gay in 2007. twitter.com/nicknotned?ref_src=twsrc%5Etfw
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