Hulk Hogan may be retired from wrestling, but he's still fighting for his money.
After news site Gawker was ordered to pay Hogan $140 million for violating his privacy by posting a sex tape involving him and a former friend's wife, the company and its owner, Nick Denton, submitted a bid asking the court to slash Hogan's award to less than $2 million.
Gawker is trying to prove that the business can't afford to fork over all of that cash to the WWE star, stating its net worth at $83 million, with Denton's net worth coming in at a reported $121 million. They believe paying Hogan the full $140 million would be "ruinous" to its business.
Hulk Hogan and his attorneys are calling BS on Gawker's claim and are demanding access to confidential financial documents, according to court papers.
The papers filed by Hogan's legal team accuse Denton of lying about his and the company's worth.
The NY Post reports, "Denton, who is Hungarian and British, appears to have hidden millions of dollars in Gawker profits through inflated licensing fees to a Hungary-based sister company, the documents charge."
"In my opinion, it's very hypocritical that Mr. Denton continues to cloak himself in the Constitution while it also appears he's expatriating great sums of money to Eastern Europe, potentially to avoid taxation and creditor issues," Hogan's lawyer, David Houston, told The Post.
Hogan's team is asking for access to something called a "transfer pricing study," which would determine whether the fees are inflated, citing lawyer-client privilege, according to court documents. So far Gawker's legal team has refused to agree to this request.
The media company believes the jury was swayed by Hogan's fame and didn't base their decision on the law. "There is substantial evidence that, in reaching its verdict as to both liability and damages, the jury was guided by passion and prejudice, rather than the pertinent facts and the law," Gawker's attorney, Gregg Thomas, says in court filings.
A spokesman for Gawker told The Post the company "is now beginning the process of challenging the jury's verdict in a trial where key evidence was wrongly withheld and the jury was not properly instructed on the Constitutional standards for newsworthiness. So we expect to be fully vindicated."
At this point, we wouldn't be surprised if Rihanna's "B—— Betta Have My Money" is in heavy rotation on Hulk Hogan's playlist.
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