And that's a wrap!
As we reported, Hulk Hogan was awarded $115 million after the jury ruled in favor against Gawker Media, who the the WWE athlete had sued for posting a video in 2012 that featured him having sex with his former best friend's wife. Oh man!
Related: Hulk's Sex Tape Partner Was Unaware She Was Being Filmed
Of course, that initial ruling was only for the compensatory damages that the media site inflicted when they published the seXXX tape without even giving the reality TV star a heads up. On Monday, the jury heard the plaintiff and the defendant's lawyers go head to head over whether or not Gawker should have to pay punitive damages too.
In case you forgot, punitive damages are meant to punish defendants like Nick Denton's scandalized site and to deter future lawbreakers from making a habit of the bad behavior. Hulk (born Terry Bollea)'s legal team pitched during closing arguments that the jury can "make a statement" with their decision.
However, the controversial site's defense noted that the company is only worth $83 million and that the initial ruling already exceeds the entire value of the company by $30 million — any more fees could easily shut down the site in a hot second.
After hearing both sides it wasn't long before the jury unanimously ruled that Hulk deserves $25 million and $100 thousand dollars in damages. WOAH!
According to the courts, Gawker owes $15 million while Nick owes Mr. Hogan the $10 million and Albert Daulerio will have to shell out the $100 thousand.
What do YOU think Perezcious readers? Do you agree with the final outcome??
Be sure to SOUND OFF in the comments (below)!
[Image via WENN.]
Tags: business blitz, gawker media, hulk hogan, icky icky poo, legal matters, nick denton, sex, terry bollea