May 28, 2016
Thiel's backing of Hogan impugns litigation financing
PayPal co-founder Peter A. Thiel confirmed this week his deep pockets were behind the $140 million win against Gawker Media LLC, which acquired celebrity wrestler Hulk Hogan's sex tape and published it online as news.
Daily Journal Staff Writer
It's a brave new world when multimillionaires can no longer afford to defend their reputations from the media in court.
These days, it takes a billionaire with a mission.
PayPal co-founder Peter A. Thiel said as much this week when he confirmed his were the deep pockets behind the $140 million win against Gawker Media LLC, which acquired celebrity wrestler Hulk Hogan's sex tape and p...
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