Trials & Litigation
Hulk Hogan Case Shows How Celebrity Divorce is Different
Posted Aug 15, 2008, 01:47 pm CST
By Martha Neil
The rich are different from the rest of us—they have more money to spend on lawyers when they get divorced. And, of course, more to lose if the case doesn't go their way.
That is evident from the nine attorneys and two accountants who were present yesterday at a court hearing in the divorce of the former professional wrestler known as Hulk Hogan, reports the St. Petersburg Times.
Likewise, the issue being argued—whether $40,000 per month for the next year is a reasonable temporary alimony for Linda Bollea, after 24 years of marriage to Terry Bollea (Hogan's real name)—also puts the case outside the realm of ordinary earners, the newspaper notes.
However, seven-figure sums apparently strike those involved in the case as real money: Two lawyers representing his side hugged each other yesterday after Circuit Judge George Greer decided not to require that Terry Bollea complete the purchase of a $4.2 million condominium in Las Vegas, as his wife had sought.
As discussed in an earlier ABAJournal.com post, he contends the purchase price is more than it is worth in the current real estate market.