“Gawker Media filed for chapter 11 bankruptcy protection Friday amid a years-long legal battle with former professional wrestler Hulk Hogan.
In March, a Florida jury awarded Hulk Hogan $140 million in his lawsuit against Gawker, finding the media company violated the wrestler’s privacy by posting a 90-second clip of him having sex with the wife of his best friend, Bubba the Love Sponge.”