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General News    H3'ed 12/6/11

Hulk Hogan Helps Prove Corruption in Divorce Courts

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Roger Shuler
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Now, let's compare that to the outcome in the Hulk Hogan divorce. Headline writers have been having a field day with the Hogan story, as you can tell from this tampabay.com article titled "Ex wife put Hulk Hogan against the ropes in divorce settlement." From reporter Rita Farlow:

Some might call it a financial smackdown.

Linda Bollea, 52, who divorced Hulk Hogan in 2009, received a little more than 70 percent of the couple's liquid assets in their divorce settlement, a recent court filing shows.

In addition, Hogan, 58, the semiretired professional wrestler whose real name is Terry Bollea, agreed to give his ex-wife 40 percent ownership in his various companies and pay her an additional $3 million "property settlement," according to the filing.

The confidential financial settlement came to light this week after it was attached to a new motion filed by Terry Bollea's attorneys.

So Linda Bollea got 40 percent ownership in Hulk's companies and a $3 million property settlement. And that's not all:

Details from the settlement show Linda Bollea received $7.44 million of the couple's $10.41 million that was held in bank and investment accounts. Terry Bollea got the remaining $2.97 million. . . .

Linda Bollea got to keep a Mercedes-Benz, a Cadillac Escalade, a Corvette, a Rolls-Royce and various off-road vehicles. Terry Bollea, who had an extensive collection of vehicles, got the rest, though they were not detailed in the agreement.

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I live in Birmingham, Alabama, and work in higher education. I became interested in justice-related issues after experiencing gross judicial corruption in Alabama state courts. This corruption has a strong political component. The corrupt judges are (more...)
 
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