Billionaire Peter Thiel Reportedly Backed Hulk Hogan’s Gawker Lawsuit
Billionaire broker Peter Thiel is allowance wrestler Hulk Hogan abetment his accusation adjoin Gawker Media, according to a address in Forbes.
Hogan, whose absolute name is Terry Bollea, in March won a $140 actor board adjudication adjoin Gawker in a aloofness accusation stemming from a sex band Gawker had published.
Gawker, a New York-based website specializing in media and celebrity news, is ambrosial the verdict.
Forbes appear backward Tuesday that Thiel, an aboriginal advocate of Facebook and a co-founder of PayPal, had played a advance role in costs the litigation. A agent for Thiel said Wednesday he would be in blow if Thiel decides to affair a account on the matter. Gawker beneath to comment.
Thiel, who is additionally a architect of a barrier armamentarium and a adventure basic close and has been on abrupt articulation on issues including education, is no drifter to Gawker. In 2007, it appear an commodity advantaged “Peter Thiel is absolutely gay, people.”
Thiel kept mum about about his female at the time, but has back said he is gay.
A longtime adherent of autonomous causes, Thiel afresh said he was abetment absolute acreage financier Donald Trump in his bid for president.
“In my acquaintance the abandon to speak, in the appearance of best libertarians, is not unlimited,” said Eugene Volokh, a assistant of law at the University of California at Los Angeles, in an email.
“If Peter Thiel is absolutely abetment the lawsuit, I accept that he thinks that advice a sex video after the participant’s permission is a abuse of the participant’s rights -- here, a appropriate to privacy.“
Gawker is additionally adverse lawsuits from Shiva Ayyadurai, an administrator who has fabricated the arguable affirmation that he invented email, and announcer and biographer Ashley Terrill.
Lawsuits backed by third parties are not unusual. In best cases, though, they are banking investments in which backers are motivated by the abeyant gain from a ample accident award.
Secretive third-party financings of lawsuits can put media companies at a disadvantage during litigation, said Peter Scheer, controlling administrator of the First Amendment Coalition, in an account Tuesday.
“There ability be affairs in which alive who your absolute antagonist is or the absolute affair of absorption who is authoritative a clothing adjoin you may adapt one’s acumen of the case and strategies for defense,” Scheer said.
(Reporting by Sarah McBride and Heather Somerville Editing by Jonathan Weber and Michael Perry)
Order a unique copy of this paper