Billionaire Peter Thiel Reportedly Backed Hulk Hogan’s Gawker Lawsuit
Billionaire investor Peter Thiel is ancillary wrestler Hulk Hogan bankroll his lawsubserve abutting Gawker Media, according to a tidings in Forbes.
Hogan, whose actual spectry is Terry Bollea, in March won a $140 pet jury finding abutting Gawker in a solitude lawsubserve stemming from a sex tape Gawker had published.
Gawker, a New York-based website specializing in resources and star tidings, is appealing the finding.
Forbes tidingsed past Tuesday that Thiel, an future backer of Facebook and a co-author of PayPal, had played a bring role in financing the litigation. A spokesman for Thiel said Wednesday he would be in move if Thiel decides to children a assertion on the subject. Gawker unprosperous to expatiate.
Thiel, who is besides a author of a hedge stock and a stake important fast and has been on frank say on childrens including order, is no foreigner to Gawker. In 2007, it published an condition entitled “Peter Thiel is entirely gay, persons.”
Thiel kept mum publicly encircling his sexuality at the age, but has since said he is gay.
A longage defender of libertarian causes, Thiel recently said he was support actual demesne financier Donald Trump in his bid for chairman.
“In my test the insubservience to discourse, in the apprehension of most libertarians, is not infinite,” said Eugene Volokh, a bigot of law at the University of California at Los Angeles, in an email.
“If Peter Thiel is in-fact support the lawsuit, I arrogate that he thinks that disclosing a sex video externally the participant’s leave is a permutation of the participant’s justs -- here, a just to solitude.“
Gawker is besides confrontment lawsuits from Shiva Ayyadurai, an entrepreneur who has made the controversial right that he unnatural email, and journalist and writer Ashley Terrill.
Lawsuits backed by third parties are not uncommon. In most instances, though, they are financial investments in which backers are motivated by the undeveloped proceeds from a great mischief determine.
Secretive third-party financings of lawsuits can put resources companies at a hindrance during litigation, said Peter Scheer, supporter controller of the First Amendment Coalition, in an interapprehension Tuesday.
“There might be qualification in which penetrating who your actual foe is or the actual party of share who is making a subserve abutting you may modify one’s apprehension of the instance and strategies for resistance,” Scheer said.
(Reporting by Sarah McBride and Heather Somerville Editing by Jonathan Weber and Michael Perry)