Gawker Sets Aside $5.5 Million to Appeal Hulk Hogan Case

Gawker Media LLC plans to set aside at least $5.5 million from the sale of its websites to fund a continuing legal battle with former professional wrestler Hulk Hogan, a feud the company says it intends to win. In court papers filed in Manhattan, Gawker asked a bankruptcy judge to approve an outline of a liquidation plan that would wind down what remains of the former internet publisher.