Meanwhile, his company, in which he holds considerable stock, has to continue to pay the legal expenses involved in appealing that verdict. Appeals can go for years.
During that appeal, many of us assume that venture capitalist, Peter Thiel, will assist Hogan with his own legal nut. As the world knows, Thiel funded the $10 million the former celebrity wrestler needed to file the original lawsuit "Hogan v. Gawker."
Litigation is expensive. Sure, filing lawsuits against the alleged bad guys feels good. And, in some circles, it remains sexy. But usually they are beyond the affordability of middle-class individuals and small and mid-sized companies.
Apparently, this litigation reality is starting to bite Denton. The New York Post reports that he has put his Soho apartment on Crosby Street up for rent. The cost is $15,000 a month.
It is unlikely that Denton will transfer his worldly goods to a self-storage unit and bunk at a homeless shelter. But, without his Soho space he will be without a hot place to entertain. The media business requires plenty of fun parties.