Tags: Hulk Hogan | Gawker | Hiding | Assets | Dodge | Payoff

Hulk Hogan Accuses Gawker of Hiding Assets to Dodge $140M Payoff

Image: Hulk Hogan Accuses Gawker of Hiding Assets to Dodge $140M Payoff
 (Getty Images)

Monday, 11 Apr 2016 10:16 AM

Is Gawker trying to wiggle out of paying Hulk Hogan a $140 million court judgment over the posting of a sex tape by hiding its assets?

That's what lawyers for the former pro-wrestler suggest in court papers seeking access to the gossip website's confidential financial documents.

Hogan's lawyer David Houston told the New York Post it appears that Gawker owner Nick Denton is "expatriating great sums of money to Eastern Europe, potentially to avoid taxation and creditor issues."

Last month, Gawker lost a lawsuit filed by Hogan who charged his right to privacy was violated when the website posted a graphic sex tape of him having sex with a radio shock jock's wife. It was ordered to pay Hogan $140 million.

But the Post says Denton may attempt to wiggle out of handing over a $50 million bond during his appeal by fudging the company's real worth, Houston charges in court papers.
Gawker claims that a $140 million hit would kill its business and is seeking to have the amount lowered to under $2 million, according to The Post.

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
Newsfront
Is Gawker trying to wiggle out of paying Hulk Hogan a $140 million court judgment over the posting of a sex tape by hiding its assets?
Hulk Hogan, Gawker, Hiding, Assets, Dodge, Payoff
179
2016-16-11
Monday, 11 Apr 2016 10:16 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved