I cannot understand reading the constantly foggy media reports from the Court, how the financial aspect works. Today I read on ppr. saying that Nick Denton’s personal worth is $121,000,000 and his former editor has no assets and $27,000 student loan debt. The defense asked and was granted not to allow damages so great that it would bankrupt the company, which is said to be worth $83 Million (yes, and try selling it for that).
Nacherly, I completely understand the seriousness of a murky 9 second tape of one of the most hideous of men screwing the dearly beloved wife of his former best friend, one Mr. Bubba the love sponge clem.****. This surely was crushing publicity for a publicity hound who does seem ever-so delicate and sensitive.
But since Gawker is a corp. which ought to limit the liability of the CEO, Pres., etc., why does it matter that his alleged net worth is $xxxx? I have no seen anything yet indicating that the Pres. and former editor are being named personally in addition to the Corp.
Admittedly I do not follow the trial, Bubba tLSC, HH, nor Gawker much (any). I am just interested in the court proceedings, bsns aspect and of course, what must be the horrifying condition of Mrs. Bubba tLSC