Friday, November 25, 2011

Settlement in Hulk Hogan divorce case in Fla.

CLEARWATER, Fla. (AP) ? Court records show a financial settlement has been agreed upon between wrestler Terry Bollea ? better known as Hulk Hogan ? and his ex-wife.

The St. Petersburg Times (http://bit.ly/vGbAkV) reports Linda Bollea received a little more than 70 percent of the couple's liquid assets in their divorce settlement.

He agreed to give his ex-wife 40 percent ownership in his various companies and pay her an additional $3 million property settlement. Linda Bollea filed for divorce in 2009.

The settlement was confidential but came to light this week after it was attached to a new motion filed in court records.

The paper reports Linda Bollea received $7.44 million of the couple's $10.41 million that was held in bank and investment accounts. Terry Bollea will not pay his ex-wife alimony.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2011-11-23-Hulk%20Hogan-Divorce/id-6febfed6ea93486cb523f1098abb804d

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