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Gawker Founder Nick Denton Files For Bankruptcy (nydailynews.com) 138

Posted by BeauHD from the pay-the-piper dept.
An anonymous reader quotes a report from New York Daily News: Gawker's founder Nick Denton filed for personal bankruptcy Monday after a Florida appeals court refused to give him an emergency order that would block wrestler Hulk Hogan from collecting on a $140 million jury verdict. The District Court of Appeal in Lakeland, Fla., denied a request by Gawker and Denton to stay a ruling by lower court judge Pamela Campbell -- who said Hogan could start collecting on his award immediately. But declaring bankruptcy will give Denton protection from collectors including Hogan, whose real name is Terry Bollea. In the filing, Denton says he has assets of $10 to $50 million and liabilities of $100 to $500 million. His debts includes $125 million that he owes to Hogan, an $11.5 million loan that he took out on June 10 from Silicon Valley Bank, a $50,000 loan he took from his 401(k) at Gawker and his Time Warner Cable bill for $120.88. The jury's March verdict was the result of Gawker's decision to publish a tape on the internet of Hogan having sex with a friend's wife. The former WWF star said it was an invasion of his privacy. Gawker filed for bankruptcy shortly after the jury's verdict, but Denton resisted, asking the bankruptcy court to protect him as part of the process. The federal court refused. Now that the Florida courts have opened the door for Hogan to start collecting from Denton, he is expected to follow Gawker into federal bankruptcy court in lower Manhattan.
The Courts

New Attorneys Fee Decision Against RIAA 144

Posted by Zonk from the maybe-you-should-reconsider-your-strategy dept.
NewYorkCountryLawyer writes "The RIAA has gotten slammed again, this time in Oregon, as the Magistrate Judge in Atlantic v. Andersen has ruled that Tanya Andersen's motion for attorneys fees should be granted. The Magistrate, in his 15-page decision, noted that, despite extensive pretrial discovery proceedings, 'when plaintiffs dismissed their claims in June 2007, they apparently had no more material evidence to support their claims than they did when they first contacted defendant in February 2005.....' and concluded that 'Copyright holders generally, and these plaintiffs specifically, should be deterred from prosecuting infringement claims as plaintiffs did in this case.' This is the same case in which (a) the RIAA insisted on interrogating Ms. Andersen's 10-year-old girl at a face-to-face deposition, (b) the defendant filed RICO counterclaims against the record companies, and (c) the defendant recently converted her RICO case into a class action"

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