PENTHOUSE INTL INC by Penthouse International, Inc. Stock (OTC: PHSL)

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Hulk Hogan And 6 Huge Settlements Between Media And Celebs

PENTHOUSE INTL INC by Penthouse International, Inc.

<p>
	Gawker is settling its case with Hulk Hogan for $31 million in cash plus a percentage of some of the company&rsquo;s proceeds.</p>
<p>
	&quot;After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over,&quot; founder Nick Dention <a href="http://nickdenton.org/a-hard-peace-e161e19bfaf#.4ulkncmco">wrote in a blog post</a>, referencing Peter Thiel, <strong>Paypal</strong> co-founder and first outside investor at <strong>Facebook</strong>, who financed the litigation.</p>
<p>
	Thiel&#39;s grudge goes back to 2007, when Gawker outed him as a homosexual, causing him and his loves ones <a href="http://www.benzinga.com/news/16/05/8039250/peter-thiel-rehashes-battle-with-gawker">more trouble than one would expect</a>.</p>
<p>
	In the wake of this scandal, Benzinga took a look at five other large settlements between media brands and celebrities.</p>
<h3>
	<strong>Billy Bush - NBC</strong></h3>
<p>
	Just a few weeks ago, <strong>Comcast Corporation&#39;s </strong>(NASDAQ: <a class="ticker" href="/stock/cmcsa#NASDAQ">CMCSA</a>) NBC agreed to pay Billy Bush several million dollars ($10 million, according to the New York Post) to stop hosting &quot;Today.&quot; Bush had been suspended after a tape where he had a lewd conversation with Donald Trump went public.</p>
<h3>
	<strong>Miss Wyoming &ndash; Penthouse</strong></h3>
<p>
	More than a decade ago, Kim Pring sued <strong>Penthouse International </strong>(OTC: <a class="ticker" href="/stock/phsl#OTC">PHSL</a>) following a publication where the outlet argued she had been discovered while engaging in oral sex. At first, a jury awarded Pring a $26.5 million settlement, although it was later reversed and dismissed on appeal.</p>
<h3>
	<strong>Gretchen Carlson &ndash; Fox News</strong></h3>
<p>
	Earlier this year, <strong>Twenty-First Century Fox Inc </strong>(NASDAQ: <a class="ticker" href="/stock/foxa#NASDAQ">FOXA</a>) reached a settlement with Gretchen Carlson, an anchorwoman who sued Fox News former Chairman and CEO Roger Ailes, alleging harassment and retaliation. Carlson received $20 million and a public apology.</p>
<p>
	Several other women who were allegedly harassed by Ailes received smaller sums as part of the settlement.</p>
<h3>
	<strong>David Beckham</strong><strong> - In Touch Magazine</strong></h3>
<p>
	More than 10 years ago, former <strong>Manchester United </strong>(NYSE: <a class="ticker" href="/stock/manu#NYSE">MANU</a>) soccer star David Beckham sued In Touch Magazine, after it published an article saying he had hired a &quot;high-class call girl,&quot; Irma Nici. His lawyers asked for $25 million, but got nothing because they couldn&rsquo;t prove maliciousness in the magazine&rsquo;s actions.</p>
<h3>
	<strong>Donald Trump &ndash; Univision</strong></h3>
<p>
	Last year, Donald Trump sued Univision for breach of contract and defamation. He demanded $500 million after the media company canceled a planned broadcast of the Miss USA pageant citing Trump&#39;s &quot;insulting remarks about Mexican immigrants.&quot; Trump and Univision CEO Randy Falco settled the lawsuit outside the court. The figure was not disclosed.</p>
<p>
	Image: <a href="https://www.flickr.com/photos/garryknight/7468548082/in/photolist-cnYg9o-gDieB-nNy62k-5c1mgM-eYSu98-75EJWh-bovz2B-6cN6mX-9csZJ-do7Bwe-7mP5k7-7mKcd8-oLUxJW-efJCRF-8uEib-8A2ub2-frzxr5-8A5AVC-8A5ASh-iWK2oi-fxTffX-8A2u88-54LCx9-8A2uqR-8qb9Qf-8A5AY1-8A2uhD-fxTfyr-8A2um2-8q8Jhk-sfxnr7-fxTfpe-iWHGoD-fy8vPU-8oWCto-fy8wqm-8oWANh-7Lwd3K-8A5B1N-fy8vm1-fy8xg7-38hQv1-ceZdFs-8qbUY1-fxTeoM-8qaTDX-ceZizd-ceZiqb-8qbayU-6mbXsb">Garry Knight, Flickr</a></p>
 

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PENTHOUSE INTL INC by Penthouse International, Inc.

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Latest news for PENTHOUSE INTL INC by Penthouse International, Inc. (OTC:PHSL) Stock

Wednesday, November 02, 2016