Gawker Media LLC is in the "final stages” of settling a defamation suit brought by British tabloid The Daily Mail, the Wall Street Journal reported today. A lawyer for Gawker, Gregg Galardi, didn’t disclose the terms of the settlement, but such a deal could resolve one of a long list of defamation lawsuits Gawker is facing from subjects of its past articles. The acknowledgment of an expected deal with the Daily Mail comes amid preliminary settlement talks between Gawker and former professional wrestler Hulk Hogan to try to resolve the largest of the publisher’s legal woes. A $140 million invasion of privacy judgment stemming from a suit brought by Terry Bollea, Hogan’s real name, pushed Gawker into chapter 11 earlier this year. Nick Denton, Gawker’s founder and chief executive, is liable for $10 million of the judgment and jointly liable for another $115 million. He sought bankruptcy protection earlier this month.
