Gawker Media Files for Bankruptcy

Last month, the company lost a $140 million libel lawsuit to Hulk Hogan.


On Friday, Gawker Media filed for chapter 11 bankruptcy and announced it was putting itself up for auction. The development comes a month after the company lost a $140 million libel lawsuit against Hulk Hogan. Soon after, it was revealed that PayPal co-founder Peter Thiel has been secretly funding the lawsuit.

Below is a copy of Gawker’s petition for bankruptcy:

 

THE END...

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THE END...

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Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

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