Partner Peter S. Vogel, chair of the Firm’s internet, e-commerce and technology team, discussed Univision’s acquisition of Gawker Media with E-Commerce Times. Prior to the deal, Gawker filed for Chapter 11 bankruptcy protection in an effort to block Hulk Hogan from collecting $140 million in awarded damages from a defamation suit earlier this year.
“Univision should come out of the process free of concerns that Hogan or other creditors will come after them in an effort to collect,” said Mr. Vogel. “Whenever assets are purchased from a bankruptcy court, the purchaser always gets clean ownership rights, so I doubt that Univision has any risk.”
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