Absent any indication that there is something unlawful about how the funding took place, she said, “you would still need to show that there’s something substantively wrong with the ruling.” “If you really do have concerns about the merits of this case, finding out who bankrolled it doesn’t really help you at all,” said Mary Anne Franks, a professor at the University of Miami School of Law. Thiel reveal their involvement to the opposing side or the jury, it is considered fair game for lawyers to ask questions about financial backing - something that Gawker Media did on Wednesday in court as part of its efforts to overturn the Hogan judgment.
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And while there is no legal requirement that underwriters like Mr. Thiel’s involvement did not change the case. “I guess that one guy is much more likely to have an agenda driven by revenge or personal dislike or wanting to prove a point.”īut other legal experts said that the mere fact of Mr. “I am troubled by Thiel,” Professor Simon said. Simon, a professor emeritus of legal ethics at Hofstra University School of Law, suggested that the practice has helped “level the playing field” by providing resources for people to mount cases against big institutions that would be impossible otherwise.īut he said there was a risk when a lawsuit was funded by a single person with a potential agenda.
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Bollea’s case as well as others has raised a series of new questions about the First Amendment as well as about the role of big money in the court system - specifically the emerging field of litigation finance, in which third parties like hedge funds and investment firms pay for other people’s lawsuits.
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Thiel said he had not targeted any other media companies.īut the revelation this week that Mr. If the entire media was more or less like this, this would be like trying to boil the ocean.” Mr. In a way, if I didn’t think Gawker was unique, I wouldn’t have done any of this. The way I’ve thought about this is that Gawker has been a singularly terrible bully. He continued, “It’s not like it is some sort of speaking truth to power or something going on here. It’s precisely because I respect journalists that I do not believe they are endangered by fighting back against Gawker.” “I think much more highly of journalists than that. “I refuse to believe that journalism means massive privacy violations,” he said. He said he did not believe his actions were contradictory. Thiel has donated money to the Committee to Protect Journalists and has often talked about protecting freedom of speech. One of my friends convinced me that if I didn’t do something, nobody would.” “I thought it would do more harm to me than good. “I didn’t really want to do anything,” he said. Thiel said that he had decided several years ago to set his plan in motion. They usually attack less prominent, far less wealthy people that simply can’t defend themselves.” He said that “even someone like Terry Bollea who is a millionaire and famous and a successful person didn’t quite have the resources to do this alone.” Most of the people they attack are not people in my category. Thiel said that Gawker published articles that were “very painful and paralyzing for people who were targeted.” He said, “I thought it was worth fighting back.”
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“I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bullying people even when there was no connection with the public interest.”
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“It’s less about revenge and more about specific deterrence,” he said on Wednesday in his first interview since his identity was revealed. He funded a team of lawyers to find and help “victims” of the company’s coverage mount cases against Gawker. Thiel to mount a clandestine war against Gawker. Bollea had a secret benefactor paying about $10 million for the lawsuit: Peter Thiel, a co-founder of PayPal and one of the earliest investors in Facebook.Ī 2007 article published by Gawker’s Valleywag blog was headlined, “Peter Thiel is totally gay, people.” That and a series of articles about his friends and others that he said “ruined people’s lives for no reason” drove Mr. What the jury - and the public - did not know was that Mr. That is the back story to a legal case that had already grabbed headlines: The wrestler Hulk Hogan sued Gawker Media for invasion of privacy after it published a sex tape, and a Florida jury recently awarded the wrestler, whose real name is Terry Gene Bollea, $140 million. Nearly a decade later, the entrepreneur secretly financed a lawsuit to try to put the media company out of business. His friends suffered at the hands of the same gossip site. A billionaire Silicon Valley entrepreneur was outed as being gay by a media organization.