Hulk Hogan has settled his lawsuit against his former best friend, "Bubba the Love Sponge"--real name Todd Clem--for undisclosed terms, saying he's happy Clem finally acknowledged that Hogan was unaware he was being filmed having sex with Clem's ex-wife.
In a statement, Clem said, "I am now convinced that Hulk Hogan was unaware of the presence of the recording device in my bedroom. 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."
The lawsuit came about when the sex tape was released on the news site Gawker, and Hogan is currently involved in a lawsuit with them, as well, for upwards of $100 million. The site posted an article about the incident and included a snippet of the tape itself earlier this month.