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.