Wednesday's settlement "allows us all to move on, and focus on activities more productive than endless litigation." "But all-out legal war with Thiel would have cost too much, and hurt too many people, and there was no end in sight," Denton wrote. It now operates all of the company's web sites with the exception of the flagship .ĭenton said in Wednesday's blog post that he believed the appeals court would have reduced or eliminated "the runaway Florida judgment against Gawker, the writer of the Hogan story and myself personally." Furthermore, "we expected to prevail in those other two lawsuits by clients of Charles Harder, the lawyer backed by Peter Thiel," he wrote. After a court auction, the company's assets were sold to Univision. The other case involves Ashley Terrill, who was also the subject of unflattering coverage.Īyyadurai will receive $750,000 and Terrill will get $500,000, according to court documents.Īfter the unfavorable verdict for Gawker, the company was effectively forced into bankruptcy. One of the cases involves Shiva Ayyadurai, a man who claims to have invented email, who sued Gawker for damages after the web site criticized him. Verbal agreements were reached last week, sources said, but were up in the air until this week. Two other pending cases against Gawker have also been settled. The deal ends ongoing litigation between the wrestler and the media company, which filed for bankruptcy earlier this year after Hogan won a $140 million judgment from a Florida jury. ![]() Related: Peter Thiel defends his support of Donald Trump
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