The truth is everyone needs some financial help from time to time, especially when dealing with a lawsuit.
WHO FUNDED HULK HOGAN IN GAWKER TRIAL TRIAL
Even the legend Hulk Hogan could not last through the brutal trial without some outside help, and he once owned an $8mm estate in Bellair. So how did he make it through to the end? An outside source (in Hogan’s case it was billionaire Peter Thiel) came along to provide funding to Hogan to continue the case. Hogan’s legal turned to legal funding to have a fair chance at obtain justice Gawker, being a multi-million dollar enterprise of its own – had hired a comparable team. Hogan needed to hire a team of legal experts to win the case. Litigation is expensive, even when only one attorney is involved. The thing is: Hogan probably couldn’t have lasted four years. When all was said and done – from the filing of the first cease and desist letter to the agreement on a settlement amount – the case lasted nearly four years. Request more information, demand more documentation, file appeals and motions to prolong the suit. What’s more, Gawker and the defense attorneys had a gamplan: stretch this lawsuit on as long as possible. While that may have been true, he was no longer at an age where he could perform and rake in the cash. One would imagine that Hulk Hogan was rolling in money from all his success in wrestling. Hogan had an issue: he had a case, but not enough money to fight it Hogan sued for defamation of character and invasion of privacy, among other things. The biggest, however, came when media blog Gawker posted clips from an illicit tape featuring the Hulkster and a then-married woman. Throughout his career he has been involved in scandals (steroid trials, videos of him making racist comments) and lawsuits (against his doctor).
The fame and notoriety came at a price, though. He was truly the first wrestler to ever become a household name. He even transitioned into becoming an actor. A larger-than-life athlete, he would sell out stadium after stadium. From his start with the AWA to his explosion with the WWF and WCW, Hulk Hogan was the biggest draw ever in sports entertainment.
WHO FUNDED HULK HOGAN IN GAWKER TRIAL PROFESSIONAL
Hulk Hogan is a superstar among superstars in the world of professional wrestling.
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