Gawker Fails To Get New Trial In Hulk Hogan Case, Will Still Have To Pay All $140 Million, Who Has Been Bankrolling Hogan’s Lawsuit?

PWInsider.com is reporting that earlier today the Judge overseeing the hearing between Hulk Hogan and Gawker in Tampa, FL rejected Gawker’s attempt to have a new trial and refused to reduce the damages that had already been ruled against them. They are on the hook for $140 million after publishing snippets of Hogan’s sex tape.

Related: Hulk Hogan and Gawker Returning to Court Tomorrow

Hogan also filed another lawsuit last month against Gawker seeking further damages claiming that they leaked the racially sensitive audio material that led to his firing from WWE.

Forbes.com is reporting that Hogan’s lawsuit against Gawker has been secretly bankrolled by Paypal co-founder Peter Thiel. They are reporting that the story is that years ago Gawker tried to publicly out Thiel as gay before he has a chance to publicly disclose his sexuality. Thiel apparently saw this as a way of helping Hogan take out a common enemy that they had. Gawker has claimed that if they are forced to pay the Hogan settlement they will go out of business. 

We will have more information about Hogan’s battle with Gawker as it comes along.