#Gawker media bankrupt download#

On December 22, 2016 the Bankruptcy Court entered an order confirming the Plan, and on Mathe Plan became effective. The Bankruptcy Court held a hearing to consider confirmation of the Plan on Decemat 10:00 a.m. Bernstein of the United States Bankruptcy Court for the Southern District of New York (the “Court”), in Room 723, One Bowling Green, New York, New York 10004-1408, was held on November 3, 2016, at 10:00 a.m.

#Gawker media bankrupt download#

Please click below to view and download the Debtors' First Day Motions and Orders:Ĭase Management Order Plan & Disclosure StatementĪ hearing on the Debtors' motion to consider (i) the adequacy of the Disclosure Statement (ii) the solicitation procedures with respect to confirmation of the Plan (iii) the form of ballots and notices in connection therewith and (iv) the scheduling of certain dates related thereto, was held before the Honorable Stuart M. (EST), to consider the efficient administration of the case. The final hearing on the First Day Motions and an Initial Case Management Conference was held in Room 723, United States Bankruptcy Court for the Southern District of New York, One Bowling Green, New York, New York 10004 on Thursday, Jat 2:00 p.m. (ET)Ī hearing on the Debtors' First Day Motions was held on June 15, 2016, before the Honorable Stuart M.

Governmental Bar Date: Decemat 5:00 p.m.Administrative Claims Bar Date (for claims since October 1, 2016): at 5:00 p.m. Gawker Media LLC, which was ordered to pay 140 million in damages to wrestler Hulk Hogan for publishing a sex tape involving him, filed for chapter 11.Administrative Claims Bar Date (for claims between August 1, 2016 and September 30, 2016): Novemat 5:00 p.m. The jury not only awarded Hogan 115 million in compensatory damages, it also tacked on 15 million in punitive damages against Gawker Media, 10 million against Denton, and 100,000 against.Administrative Claims Bar Date (for claims between the Filing Date and July 31, 2016): Septemat 5:00 p.m.General Bar Date (all creditors other than Governmental Units): Septemat 5:00 p.m.

The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors: It is expected to go for at least $100 million.Important Information & Dates Bar Date for Filing Proofs of Claim: Gawker Media, the gossip and news company that lost a high-profile court case in which it was ordered to pay 140 million over a violation of Hulk Hogans privacy, has filed for Chapter 11. Gawker, which Denton founded in his apartment in 2002, will be sold to the highest bidder at an auction next month. He is expected to file for bankruptcy this week, a source said.ĭenton said he has already completed the steps necessary to file - taken a credit-counseling course, paid a $200,000 retainer for an attorney and gathered information for financial schedules.īut when asked if he actually signed the personal bankruptcy filing, he said, “I can’t remember.” Gawker filed for bankruptcy last month when Hogan’s attorneys said they planned to collect on the $140 million jury award.ĭenton is personally responsible for $125 million of the verdict, which he said he cannot afford. On Tuesday, Denton revealed for the first time that the Hogan suit cost Gawker Media a whopping $13 million in legal fees. Gawker has been in mayday mode since the jury ruled in March that the company had violated Hogan’s privacy by posting a video of the former professional-wrestling star and a pal’s wife having sex, secretly recorded by the supposed friend. “We’ve had to show people they have a good future at Gawker Media Group and at whatever company buys the assets,” he said.ĭenton added that his “plate is absolutely full” as he tries to communicate “confidence not just to advertisers but also to employees.” has gotten more important in the last couple of months,” Denton said on the witness stand. Manhattan bankruptcy Judge Stuart Bernstein rejected the pleas of Nick Denton (inset) to throw him a lifesaver to protect his personal assets, lifting a stay Tuesday that had shielded the assets from the Florida jury’s massive award.ĭenton argued that a personal bankruptcy would distract him from running the company, including convincing advertisers and staff not to flee, which he described as an all-encompassing effort since the award. Gawker is a sinking ship and its captain is almost underwater, the gossip site’s founder testified in a Manhattan courtroom Tuesday in a bid to reduce the burden of a $140 million verdict lost to pro-wrestling legend Hulk Hogan.