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Seema Ghatnekar, one of the Attorneys behind Hogan’s $115M+ award

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Former professional wrestler Hulk Hogan, left, along with attorney Seema Ghatnekar prepare to take a break just after the jury was handed Hogan's case against Gawker Media for deliberations on Friday, March 18, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, is suing Gawker for $100 million for posting a video of him having sex with his former best friend's wife. Hogan contends the 2012 post violated his privacy. (Boyzell Hosey/The Tampa Bay Times via AP, Pool)

Former professional wrestler Hulk Hogan, left, along with attorney Seema Ghatnekar prepare to take a break (Boyzell Hosey/The Tampa Bay Times via AP, Pool)

SANTA CLARA Calif. (Diya TV) — A Florida jury assessed Gawker Media millions more in punitive damages on Monday for having invaded the privacy of former professional wrestler Terry Bollea, aka Hulk Hogan, adding to the $115 million it awarded in compensatory damages last week — standing beside Hogan when both verdicts were read was his attorney, Indian-American Seema Ghatnekar.

Ms. Ghatnekar was admitted to California State Bar in December of 2014 and practices in the areas of intellectual property, entertainment, media, privacy and reputation and business litigation in state and federal courts, according to the website of Harder, Mirell & Abrams, the lawfirm for whom she works. She attended Loyola Law School, Los Angeles, where she earned her JD with a concentration in intellectual property law. During law school, Ghatnekar served as Chief Production Editor of the Loyola of Los Angeles Entertainment Law Review.  She also competed in the Giles Sutherland Rich Memorial Intellectual Property Moot Court.

After a two-week trial in St. Petersburg, Fla., jurors ordered Gawker, an online news organization, and its two co-defendants, to pay Hogan more than $25 million in punitive damages. Gawker Media was ordered to pay $15 million; the company’s founder, Nick Denton, was assessed $10 million; and Gawker.com’s former editor in chief, Albert J. Daulerio, must come up with $100,000.

The retired wrestler Hulk Hogan was awarded $115 million in damages on Friday.

The retired wrestler Hulk Hogan was awarded $115 million in damages on Friday.

Gawker said it would appeal the ruling, and previously, huge damages in cases like these are often overturned or significantly reduced.

Heather Dietrick, president and general counsel of Gawker Media, said in a statement that soon after Mr. Bollea sued the company in 2012, three state appeals court judges and a federal judge “repeatedly ruled that Gawker’s post was newsworthy” under the First Amendment. “We expect that to happen again,” she said.

On Friday of the week before, the news site was found liable for harming Hogan and subjecting him to embarrassment and humiliation by posting a sex tape of him and a significant other, which was ultimately viewed by millions. Of the $115 million in compensatory damages the jury awarded Mr. Bollea last week, $55 million was for economic harm and $60 million for emotional distress, amounts that surprised legal and media analysts following the closely watched trial. Some reports stated that Ghatnekar gave the closing agreements, which was not the case. The closing arguments were given by Entertainment Attorney Kenneth Turkel of Bajo Cuva Cohen and Turkel, a Florida Law Firm.

 

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Former MGM executive Roma Khanna named Revolt TV’s next CEO

Former MGM executive Roma Khanna named Revolt TV’s next CEO

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Roma Khanna

Sean Combs Announces Roma Khanna CEO of Revolt TV

LOS ANGELES (Diya TV) — Sean Combs has announced Roma Khanna the CEO of Revolt TV.

“As Revolt continues to grow as a brand and expand globally, I knew we needed a seasoned executive with a proven track record to keep the momentum going and help me lead the network into the future,” said Combs. “Roma is that person. She has the experience and tenacity to build on Revolt’s success and as we continue to influence content and culture around the world.”

“After decades of building large-scale businesses in TV and media, I am excited to have the opportunity to work alongside visionary Sean Combs to get hands-on and redefine content models with a view to building a modern, relevant, global cultural brand,” said Khanna. “Revolt is ready to create and curate content and super-serve its audience on its own TV platform and beyond, living and breathing with its audience wherever they might be.”

Revolt says the company’s mission is to build on its platform to offer long- and short-form content revolving around hip-hop music and culture. According to Revolt’s website, “REVOLT is focused on expertly curating the best of the best in music and engaging youth in social conversation – on-air, on-line, on-demand. The multi-genre, multi-platform network offers breaking music news, videos, artist interviews, exclusive performances, and original programming.”

Revolt claims to have over 50 million young adult consumers through television, digital properties, social and mobile. REVOLT is accessible 24/7 – anytime, anywhere, any screen.

Khanna left MGM, where she served as president, in late 2015. She helped launch FX’s “Fargo” and History’s “Vikings.” She spent three years as president of global networks for NBC Universal’s international networks wing. She also oversaw the development of Hulu hit “Handmaid’s Tale.”

Revolt had been without a CEO for a year, since Keith Clinkscales left the company last August. Revolt launched as a linear channel in the U.S. in October 2013 and has since expanded to Africa and the Caribbean.

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Indian American Physician Vas Narasimhan Named CEO of Novartis

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Vas Narasimhan

Indian American Physician Vas Narasimhan Named CEO of Novartis

WASHINGTON (Diya TV) — Switzerland-based biotech giant Novartis says Indian American physician Vas Narasimhan will take reins as CEO on Feb. 1.

The 41-year-old Narasimhan joined Novartis in 2005. He currently serves as the company’s Global Head of Drug Development and Chief Medical Officer. He is also a member of Novartis’ Executive Committee.

“Both from a professional and a personal perspective, this is the right moment to hand the leadership reins of the company to Vas,” said current Novartis CEO Joseph Jimenez. “Our strong pipeline and the strategic moves we have taken to focus the company have put Novartis on a strong path for the future. On the personal side, after 10 wonderful years in Switzerland, my family is ready to return to Silicon Valley and the U.S. I’m confident that Vas will be an excellent successor.”

Joerg Reinhardt, chairman of the Novartis board of directors, said the company anticipates “a smooth transition, as Joe built a strong leadership team and mentored his successor.”

Narasimhan graduated from Harvard Medical School. He also has a master’s in public policy from the university’s John F. Kennedy School of Government. He earned undergraduate degree in biological sciences from the University of Chicago.

Prior to joining Novartis, he worked at McKinsey & Company, first as a consultant and then as an engagement manager.

An elected member of the U.S. National Academy of Medicine, Narasimhan has held a number of positions at Novartis.

Reinhardt expressed confidence in Narasimhan’s ability to lead the company to “expected next growth phase … The strength of Novartis is our ability to drive science-based innovation. Vas is deeply anchored in medical science, has significant experience in managing the interfaces between Research and Development and commercial units and has strong business acumen with a track record of outstanding achievements. As a physician, he has a strong patient focus and a genuine humane perspective and care for the mission and values of Novartis. As a result, the Board of Directors is confident that Vas is the right choice to lead Novartis on our expected next growth phase, driving innovation and further strengthening our competitive position.”

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Former Facebook executive Chamath Palihapitiya to raise $500M for a large fund

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Charmath Palihapitiya

Chamath Palihapitiya, a former Facebook executive and a minority owner of the Golden State Warriors is attempting to raise $500 million as he builds a large investment firm.

WASHINGTON (Diya TV) — Chamath Palihapitiya, a former Facebook executive and a minority owner of the Golden State Warriors is attempting to raise $500 million as he builds a large investment firm.

According to a filing with the Securities and Exchange Commission, Palihapitiya is listed as CEO of “blank check company,” Social Capital Hedosophia Holdings. The company plans to raise $500 million in its IPO and subsequently acquire emerging private businesses that have little incentive to go public.

“Our mission is to create an alternative path to a traditional IPO for disruptive and agile technology companies to achieve their long-term objectives and overcome key deterrents to becoming public,” the filing said.

Palihapitiya has often condemned the traditional venture model and expressed his admiration for billionaire Warren Buffett, who erected Berkshire Hathaway into one of the World’s largest publicly-traded holding companies over a half century.

Social Capital is going to be more like a “bastard stepchild of Berkshire Hathaway and Blackstone and BlackRock” than a traditional venture firm, Palihapitiya said at an event in 2015.

One of Palihapitiya’s goals in the venture is bringing together “technologists, entrepreneurs, and technology-oriented investors,” the filing said.

The Wall Street Journal reported Palihapitiya’s team is planning to meet with investors soon, then initiating the IPO shortly thereafter on the New York Stock Exchange.

Hedosophia has offices in Hong Kong and London. Ian Osborne, CEO of Hedosophia, will be president of the new holding company. Former Skype CEO Tony Bates and former Twitter executive Adam Bain are among the Board members.

Palihapitiya spoke to Diya TV moments after the Warriors championship win in 2017

 

 

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