Nick Denton will leave bankruptcy, having weathered a multimillion-dollar judgment from an invasion-of-privacy lawsuit that forced the chapter 11 sale of his Gawker media business, the Wall Street Journal reported today. Bankruptcy Judge Stuart Bernstein said yesterday that he will dismiss Denton’s personal chapter 11 case and approve a legal settlement extinguishing his remaining personal liability to Terry Bollea, a former wrestler also known as Hulk Hogan. The bulk of the judgment was resolved in a separate settlement between Bollea and Gawker Media LLC. The decision concludes Bollea’s litigation against Denton, who along with Gawker and editor A.J. Daulerio were sued in 2012 after the online media company published portions of a sex tape featuring Bollea. Denton was jointly liable with Gawker and Daulerio for $115 million in compensatory damages. Denton was also assessed $10 million in punitive damages individually.
