MIAMI, March 21, 2016 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company which operates lawsuitssettlementfunding.com, announced today that retired wrestler, Hulk Hogan (whose real name is Terry Bollea), was awarded $115 million in damages by a jury in Florida in the privacy suit over the sex tape published on Gawker's site. The amount tops the $100MM he asked for. According to an article in The NY Times, the jury considered the case for about six hours and announced the verdict on Friday.
The damages that were awarded to the celebrity were compensatory. The jury awarded $55 million for economic harm and $60 million for emotional distress. However, Gawker's founder, Nick Denton, has indicated that they plan to appeal the verdict and have already started preparing for it.
Legal-Bay, a lawsuit cash advance firm, specializes in funding verdict on appeal cases. Unfortunately, sometimes when a large verdict is awarded, the plaintiff often faces appeals and the case can drag on for years. Legal-Bay's non-recourse cash advance funding on verdict on appeal cases guarantees that the plaintiff will receive something for their win in trial court. Please visit the company's website at http://lawsuitssettlementfunding.com/ for more information.
Chris Janish, CEO of Legal-Bay, commented on the recent jury award in Hulk Hogan's lawsuit against Gawker, "We are pleased that the jury awarded such a substantial amount to the celebrity in the privacy suit. Unfortunately, the verdict is most likely to be appealed by Gawker, as the company's founder has made statements that they're already planning to. Verdict on appeal cases can drag on for years, and we want to remind plaintiffs who find themselves in similar situations that we are here to assist them with funding."
Legal-Bay is committed to helping plaintiffs involved in music/entertainment/copyright disputes with funding. Legal-Bay, a lawsuit money firm, is also committed to aiding victims involved in personal injury cases, including car and truck accidents, as well as commercial litigation, employment disputes, discrimination, sexual harassment and any other cases where the plaintiff has a lawyer. Any funds received are done risk-free, since the funds only need to be repaid if the plaintiff is ultimately successful in collecting their money. For more information on Legal-Bay's funding programs, please visit the company's website, at: http://lawsuitssettlementfunding.com
If you, or a loved one, require an immediate cash advance settlement funding, feel free to call Legal-Bay on its toll-free hotline at: 877.571.0405.
Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding, which means you only repay the settlement advance if you win your case. None of the programs should be considered to be a lawsuit loan, lawsuit loans, settlement loans, settlement loan, pre-settlement loans, or a pre-settlement loan.
Contact: Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hulk-hogan-awarded-115mm-by-jury-in-suit-against-gawker-300238618.html
SOURCE Legal-Bay LLC