What does money buy?Apparently a campaign to destroy your enemies.That appears to be the story in the case of who has been backing the legal fights against Gawker Media.One name has emerged: Peter Thiel, the former co-founder of PayPal, prominent Silicon Valley investor and most recently, California delegate for Donald Trump.Perhaps motivated by his antipathy for Gawker, Thiel has been backing legal fights against the media firm, says Forbes.
The New York Times followed with its own story saying the same thing.Thiel s office has not replied to an email asking for comment.Estimated to be worth more than $2 billion, Thiel s pockets are deep.
As Marc Andreessen, another prominent tech investor, pointed out, wryly:In 2007, Gawker outed Thiel as gay in a piece titled, Peter Thiel is totally gay, people.
A Florida jury awarded Hogan $140 million, but Gawker and its founder Nick Denton are appealing.On Wednesday, a Florida judge denied Gawker s motion for a new trial and wouldn t reduce the $140 million verdict, the Associated Press reported.
That theory was fueled by several moves by Hogan s legal team, including the decision not to take a $10 million settlement offer.The team made another peculiar move – it dropped claims for negligent infliction of emotional distress.
That claim would have required Gawker s insurance company to help pay for the defense and help toward settlement payouts.Adding to the mystery have been subsequent lawsuits against the company brought by the Hogan s lawyer, Charles Harder.