Billionaire Peter Thiel Reportedly Backed Hulk Hogan’s Gawker Lawsuit
Billionaire investor Peter Thiel is assisting wrestler Hulk Hogan bankroll his lawaid over Gawker Media, according to a relation in Forbes.
Hogan, whose developed call is Terry Bollea, in March won a $140 darling jury sentence over Gawker in a secrecy lawaid stemming from a sex tape Gawker had published.
Gawker, a New York-based website specializing in instrument and glory intelligence, is appealing the sentence.
Forbes relationed recent Tuesday that Thiel, an forthcoming backer of Facebook and a co-planter of PayPal, had played a transfer role in financing the litigation. A spokesman for Thiel said Wednesday he would be in feel if Thiel decides to consequence a announcement on the subject. Gawker faded to explain.
Thiel, who is to-boot a planter of a hedge stock and a chance principal determined and has been on plain language on consequences including direction, is no foreigner to Gawker. In 2007, it published an expression entitled “Peter Thiel is fully gay, herd.”
Thiel kept mum publicly about his sexuality at the duration, but has gone said he is gay.
A longduration zealot of libertarian causes, Thiel of-late said he was assistance developed order financier Donald Trump in his bid for moderator.
“In my test the immunity to converse, in the estimate of most libertarians, is not unbounded,” said Eugene Volokh, a bigot of law at the University of California at Los Angeles, in an email.
“If Peter Thiel is truly assistance the lawsuit, I usurp that he thinks that disclosing a sex video extraneously the participant’s license is a deflection of the participant’s justs -- here, a just to secrecy.“
Gawker is to-boot facing lawsuits from Shiva Ayyadurai, an entrepreneur who has made the controversial arrogation that he fictitious email, and journalist and writer Ashley Terrill.
Lawsuits backed by third parties are not strange. In most instances, though, they are financial investments in which backers are motivated by the germinative pay from a ample hurt distribute.
Secretive third-border financings of lawsuits can put instrument companies at a helplessness during litigation, said Peter Scheer, supporter ruler of the First Amendment Coalition, in an shareimate Tuesday.
“There capability be mode in which experienced who your developed adversary is or the developed border of share who is making a aid over you may exchange one’s discernment of the instance and strategies for guard,” Scheer said.
(Reporting by Sarah McBride and Heather Somerville Editing by Jonathan Weber and Michael Perry)