Gawker Media founder Nick Denton lost his latest bid to halt enforcement of the $140 million verdict won by Hulk Hogan in an invasion-of-privacy lawsuit, according to a court document provided by the former pro wrestler’s attorney, Bloomberg News reported on Saturday. Florida Judge Pamela Campbell said on Friday that she would let Hogan try to collect the jury award — in part because, she said, Denton misled her at a June 10 hearing about the value of his company stock. Denton had told the court at the hearing that he would use stock in Gawker worth $81 million as security to guarantee payment of the jury verdict. But the media company had, just the day before, approved resolutions to put itself into bankruptcy, according to the court document. Also, in May, a potential buyer had offered to make an opening bid of $90 million for the company’s assets, meaning Denton’s shares would be worth much less than what the court was told. The judge said Denton hid “material information about the value of that stock which a reasonable person, under similar circumstances, should have disclosed.”
