chapter 11

chapter 11

Gawker Founder Will Likely Declare Bankruptcy

1w ago
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Nick Denton, the founder of Gawker Media may face personal bankruptcy after a ruling in a Manhattan bankruptcy court on Tuesday. Bloomberg News reports that a judge denied Denton's request to extend the company's bankruptcy court protection to him. The Chapter 11 filing comes less than three months after a defamation lawsuit brought by ex-wrestler Hulk Hogan resulted in a $140 million judgment against the digital publisher.