Gawker settles with Hulk Hogan in Peter Thiel-backed lawsuit: After 4-year fight, “The saga is over.”


#1

Originally published at: http://boingboing.net/2016/11/02/gawker-settles-with-hulk-hogan.html


#2

So what are the other two articles about?


#3

Didn’t Peter Thiel go on record recently with the declaration that [quote]… single-digit millionaires {such as Hulk Hogan} can’t afford justice in our system[/quote]

:question:

ETA: found it


#4

So petty and vengeful.

I’ll bet Peter Thiel is a Trump supporter!


#5

Well, he’s quite literally a vampire, so…

http://www.inc.com/jeff-bercovici/peter-thiel-young-blood.html


#6

I saw that movie. It doesn’t end well.


#7

No bet.


#8

And apparently his notion of “justice” boils down to [quote]I’m a billionaire, so do what I want you to do, or I will destroy you.[/quote]


#9

Well one was about THE MAN WHO INVENTED EMAIL


#10

He is, quite publicly.


#11

“The saga is over.”


#12

That’s what makes my dry observation so hysterically funny.


#13

I looked at this for minutes and no one puked. BOOORING


#15

So I guess that leaves actual working stiffs fucked for life?


#16

Are you a single-digit millionaire?


#17

No. Litigation financing means that if you have a solid case with a chance of winning a substantial judgement, you too can have investors help you out.

The Hulk Hogan thing seems like it was more personal.


#18
but also the ones that led to two other cases that are still in the pre-trial phase. Shiva Ayyadurai (subject of articles about his claims that he invented email) will get $750,000 while Ashley Terrill (subject of an article about her pursuit of an expose on Tinder executives) will receive $500,000
(src)

#19

So Mr. Bollea ended up with $31 million to compensate him and make him whole again. IIRC that’s less than the pre-trial settlement offer made by Gawker.


#20

So what happens to Delaurio, who is most certainly not a single digit millionaire?


#21

Shouldn’t you be able to find an actual attorney who would take the case on a contingency fee?

Litigation financing” sounds to me like a way for a third party to profit from the outcome of a lawsuit that would otherwise be of no concern to them whatsoever.