Gawker founder Nick Denton is filing for bankruptcy

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Gawker founder Nick Denton is planning to file for personal bankruptcy on Monday, as his legal battle with Hulk Hogan — backed by billionaire tech investor Peter Thiel — continues.

Denton’s financial situation came into question after a Florida jury awarded Hogan a whopping $ 115 million in damages for Gawker‘s publication of a clip of a sex tape featuring Hogan and the wife of one of his friends. Of those damages, Denton was personally liable for $ 10 million. 

Denton appeared to make reference to the filing on Twitter. A source familiar with the situation confirmed that Denton was talking about his filing.  Read more…

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