Hulk Hogan Settles Lawsuit With Bubba The Love Sponge, Bubba Issues Statement

Hulk Hogan has settled his lawsuit with former best friend Todd Alan Clem, a.k.a. Bubba the Love Sponge. Terms of the settlement are confidential, however Clem issued a public apology to Hogan on his radio show this morning.

"I am now convinced that Hulk Hogan was unaware of the presence of the recording device in my bedroom," Clem said. "I am convinced [Hulk Hogan] had no knowledge that he was being taped...It is my belief that Hulk is not involved, and has not ever been involved, in trying to release the video, or exploit it, or otherwise gain from the video's release in any way."

Hogan's attorney, David R. Houston, stated that his client was "pleased" with Bubba telling the truth and apologizing.

Hogan's lawsuit against Gawker.com remains pending, and a hearing for his request for an injunction will be held next Thursday, November 8th.

Source: E! Online

Dalton contributed to this article.