Billionaire Backing of Hogan Won’t Upend $140 Million Gawker Verdict

By Alison Frankel

May 25, 2016 Reuters - Eight hundred years ago, the Silicon Valley billionaire Peter Thiel might have been guilty of crime for allegedly funding a privacy suit by the pro wrestler Hulk Hogan.

Nowadays Thiel is safe from prosecution, though his secret backing of Hogan, as reported Tuesday by Forbes and the New York Times, raises questions about the steady erosion of laws barring outsiders from investing in lawsuits.

Read more in Reuters. 

"Some states, Sebok said in an email, have statutes prohibiting such arrangements, and if Hogan had brought his case in one of those states, Gawker might be able to argue the verdict was tainted by Thiel’s alleged involvement."