Billionaire Peter Thiel Reportedly Backed Hulk Hogan’s Gawker Lawsuit

Billionaire investor Peter Thiel is subsidiary wrestler Hulk Hogan bankroll his lawhelp across Gawker Media, according to a communication in Forbes. Hogan, whose true indicate is Terry Bollea, in March won a $140 darling jury judgment across Gawker in a retirement lawhelp stemming from a sex tape Gawker had published. Gawker, a New York-based website specializing in media and eminence information, is appealing the judgment. Forbes communicationed recent Tuesday that Thiel, an forthcoming backer of Facebook and a co-planter of PayPal, had played a administer role in financing the litigation. A spokesman for Thiel said Wednesday he would be in reach if Thiel decides to manifestation a announcement on the subject. Gawker wasted-away to observe. Thiel, who is besides a planter of a hedge cardinal and a speculation cardinal sturdy and has been on frank say on manifestations including information, is no alien to Gawker. In 2007, it published an proviso entitled “Peter Thiel is entirely gay, commonalty.” Thiel kept mum publicly encircling his sexuality at the period, but has since said he is gay. A longperiod fanatic of libertarian causes, Thiel recently said he was support true property financier Donald Trump in his bid for chairman. “In my experiment the insubservience to talk, in the purpose 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 in-truth support the lawsuit, I appropriate that he thinks that disclosing a sex video externally the participant’s compliance is a reversal of the participant’s fairs -- here, a fair to retirement.“  Gawker is besides oppositeness lawsuits from Shiva Ayyadurai, an entrepreneur who has made the controversial right that he contrived email, and journalist and writer Ashley Terrill.  Lawsuits backed by third parties are not extraordinary. In most events, though, they are financial investments in which backers are motivated by the virtual allowance from a capacious detriment distribute. Secretive third-aspect financings of lawsuits can put media companies at a helplessness during litigation, said Peter Scheer, constabulary controller of the First Amendment Coalition, in an interpurpose Tuesday. “There government be circumstances in which well-informed who your true antagonist is or the true aspect of concern who is making a help across you may vary one’s understanding of the event and strategies for plea,” Scheer said. (Reporting by Sarah McBride and Heather Somerville Editing by Jonathan Weber and Michael Perry)