Things are looking up for Hulk Hogan following his lawsuit against Gawker as the Pinellas County court recently gave him control of the assets of former Gawker editor-in-chief AJ Daulerio.
Hogan sued Gawker after they released sex tapes that included himself and Bubba The Love Sponge’s then-wife Heather Clem. The case went to trial, and the jury awarded Hogan $115 million in damages in March. Hogan was awarded an additional $25 million for punitive damages. Gawker owing Hogan $15 million, Gawker website owner Nick Denton owing $10 million, and Daulerio owing $100,000. Back in June, a judge issued a $140 million final judgment in favor of Hogan.
Because Gawker and Denton filed for bankruptcy, the $115 million in compensatory damages awarded by the jury are all Daulerio’s responsibility. Daulerio filed an affidavit last Wednesday and explained that his assets come down to 0.0059% of Gawker’s Cayman Islands-based sister company, 44.7% of RGFree, and $1,505.78 in a checking account. His checking account has been frozen due to a court order. In Daulerio’s contract with Gawker, it includes the rights for Gawker to pay for any legal judgments against him.
There will be a hearing next week to find out whether or not Daulerio will get an allowance for living expenses. The next hearing will be on October 31st, and the judge will rule on whether or not Hogan’s allegation that Daulerio concealed the indemnity agreement to obscure his net worth will ultimately lead to Daulerio being sanctioned by the court.
