Judge will not reduce $140 million in damages Gawker has to pay Hulk Hogan
KIf Leswing Business insider
Gawker Media was handed a loss on Wednesday as a judge in Florida
denied Gawker's motion for a new trial, which means the $140 million in
damages awarded to Hulk Hogan will not be reduced.
Anna Phillips for the Tampa Bay Times was the first to report the news.
Gawker can appeal this latest ruling to Florida's Second District Court of Appeals, where it is confident it will succeed, reports Capital New York.
Gawker Media, a New York-based online news site, was hoping
that a Florida court would reduce a jury verdict handed down earlier
this year in which Terry Bollea — aka pro wrestler Hulk Hogan — won an
invasion-of-privacy suit against Gawker that awarded him $140 million.
But during a court hearing, state court judge Pamela Campbell rejected a motion by Gakwer to reverse or reduce the verdict.
Wednesday's development means that Gawker may be required to post a $50 million bond under Florida law.