The actor, who has been investigated for five years by the authorities over claims he has used off-shore bank accounts to conceal his earnings, has blamed the government for damaging his reputation.
His lawyer Andrew Robinson said, "His earning potential and reputation has been decimated."The case by the Australian authorities was eventually dropped late last year. Hogan is now reportedly seeking up to £51 million for loss of earnings.
"We already have a film producer and financier who are prepared to testify Mr Hogan's loss of income during the period of investigation has been in the range of $10-15 million (£6.4 - 9.6 million) per annum," added Robinson.
Hogan previously called on the Australian Crime Commission to publicly apologise for branding him "a criminal, a fraud, a money launderer and tax evader".
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