Financial settlement details revealed in the Graziano-Hogan case

Oct 14, 2011 - by Steve Gerweck

Details were not released of the financial settlement between Hulk Hogan and the Graziano family stemming from the 2007 street racing accident involving Nick Hogan which left John Graziano critically injured — suffering a broken skull and devastating brain damage. However, a newly filed court document reveals:

– In a 2008 financial affidavit, Hogan said his net worth was $32.4 million.

– Edward Graziano’s (John’s father) attorney, John Trevena, who interviewed Graziano’s mother Debra in September, said that the settlement could not have topped $5 million. Said she believes about $1.5 million of her son’s trust remains after attorneys and the veteran’s hospital that cared for John after the accident were paid.

– The settlement was reached in February 2010.

– Debra said she and John, who is now 26, and her other son, Michael, now live in a Dunedin house purchased for about $345,000 from settlement funds.

On a side note, In February 2009, authorities arrested Edward Graziano after they said he offered $2,100 and a pizza shop gift card to an undercover deputy if he would kill his estranged wife.

In May, Ed Graziano was sentenced to 10 years in prison after he pleaded no contest to a charge of solicitation to commit murder. The judgment and sentence are being appealed, said Trevena.

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