January 31, 2023

[US] Gawker troubles deepen as crowd-sourced bounty on Nick Denton reaches $50K

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By Jonah Bennett National Security/Foreign Policy Reporter From The Daily Caller The successful $140 million Hulk Hogan lawsuit against Gawker Media has hit its founder, Nick Denton, especially hard. Not only has Denton had to put his swanky SoHo apartment on the market, but he now has to face a crowd-sourced bounty on his head […]

Hulk Hogan case rattles litigation funding firms

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By Julie Triedman, From The Am Law Daily As if Hulk Hogan’s courtroom brawl with Gawker Media wasn’t already spectacle enough, this week brought news that PayPal billionaire and Sullivan & Cromwell alum Peter Thiel has been funding the litigation, possibly thanks to a personal vendetta against Gawker. The funding revelations add a new dose […]

Billionaire’s backing of Gawker suit raises transparency concerns

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By Ben Hancock, From The Recorder SAN FRANCISCO — Reports that Silicon Valley billionaire Peter Thiel bankrolled Hulk Hogan’s privacy suit against gossip news site Gawker took the legal industry by surprise on Wednesday. The details also provide a window into the largely self-regulated and growing world of litigation funding. While the personalities and motives […]