Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
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Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#2How does that work out? Isn't it a limited liability company? I know there's "piercing the corporate veil", but why would that apply in this case?
Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#3Funny thing is Gawker gave secret $200K Loan to Nick Denton before bankruptcy.
Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#4How does that work out? Isn't it a limited liability company? I know there's "piercing the corporate veil", but why would that apply in this case?
Denton was apparently named as a defendant in the lawsuit as well, and the court yielded a $10M judgment against him personally.
Gawker also gave Denton a $200K personal loan right before bankruptcy for the purposes of potential bankruptcy filings related to the lawsuit; this might be a good case for piercing the corporate veil as well.
Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#5How does that work out? Isn't it a limited liability company? I know there's "piercing the corporate veil", but why would that apply in this case?
For that matter, I'm not sure how he can sell the company without the court verdict being part of the debt in order to purchase/sell the company.
Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#6How does that work out? Isn't it a limited liability company? I know there's "piercing the corporate veil", but why would that apply in this case?
For that matter, I'm not sure how he can sell the company without the court verdict being part of the debt in order to purchase/sell the company.
The proceeds of the sale in bankruptcy go to the company's creditors of which Hogan is the largest
Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#7How in the world did the court come up with a $140M sum for the settlement? This seems so excessive, it is actually comical. Obviously, everyone has beleaguered this point, but I feel obligated to state it one more time: Scumbaggery and poor taste shock journalism are pretty shitty, but fuck Peter Theil if he thinks setting a precedent like this is net good for anything other than his petty vendetta.
edit: Yes, Gawker and Valleywag are pretty shitty. They probably have cause 140M worth of damage, just not to Hulk Hogan. Also, setting this precedent is so fucking dangerous that to argue that you don't like them and they deserve it is so infantile that if we accepted such arguments we would have shed nearly all of the rights afforded to us bu the U.S. Constitution.
Also. This has nothing to do with left v. right.
Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#8How in the world did the court come up with a $140M sum for the settlement? This seems so excessive, it is actually comical. Obviously, everyone has beleaguered this point, but I feel obligated to state it one more time: Scumbaggery and poor taste shock journalism are pretty shitty, but fuck Peter Theil if he thinks setting a precedent like this is net good for anything other than his petty vendetta. edit: Yes, Gawke…
I'm not sure how they came up with it, but the figure was not a settlement. It was a judgment awarded by a jury. I don't know if it was six or 12, but a jury of citizens told Gawker to go pound sand.
Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#9How in the world did the court come up with a $140M sum for the settlement? This seems so excessive, it is actually comical. Obviously, everyone has beleaguered this point, but I feel obligated to state it one more time: Scumbaggery and poor taste shock journalism are pretty shitty, but fuck Peter Theil if he thinks setting a precedent like this is net good for anything other than his petty vendetta. edit: Yes, Gawke…
> fuck Peter Theil if he thinks setting a precedent like this is net good for anything other than his petty vendetta
a precedent that if you engage in trashy tabloid "journalism" and egregiously invade people's privacy that you can end up sued into oblivion?
Sounds like a perfectly reasonable precedent.
Re: Gawker Can’t Shield Founder from Hulk Hogan Sex-Tape Verdict
#10How in the world did the court come up with a $140M sum for the settlement? This seems so excessive, it is actually comical. Obviously, everyone has beleaguered this point, but I feel obligated to state it one more time: Scumbaggery and poor taste shock journalism are pretty shitty, but fuck Peter Theil if he thinks setting a precedent like this is net good for anything other than his petty vendetta. edit: Yes, Gawke…
It's amazing to see how the left latched onto this as a "billionaire buys lawsuit" narrative, as opposed to the much more accurate "shitty darling of the left that habitually engaged in abuse got its comeuppance" narrative.
Gawker repeatedly, knowingly, unabashedly, broke the law. They repeatedly, knowingly, unabashedly, tried to ruin innocent people's lives. They absolutely deserve everything that happened to them and more. Thiel is a goddamned hero for the part he played.
Edit:
>Also. This has nothing to do with left v. right.
Only people on the left believe this. GawkMedia was loathed by the right as pretty much the worst example of how bad leftist media could get. Trust me, we were all popping champagne and lighting off fireworks when we got the news on this side of the aisle.