{"version": "1.0", "type": "rich", "title": "This Silicon Valley Billionaire Has Been Secretly Funding Hulk Hogan's Lawsuits Against Gawker", "author_name": "kontextmaschine", "author_url": "https://kontextmaschine.com", "provider_name": "kontextmaschine", "provider_url": "https://kontextmaschine.com", "url": "https://kontextmaschine.com/post/144880339913/", "html": "<a href=\"http://www.forbes.com/sites/ryanmac/2016/05/24/this-silicon-valley-billionaire-has-been-secretly-funding-hulk-hogans-lawsuits-against-gawker/#736fdd897805\">This Silicon Valley Billionaire Has Been Secretly Funding Hulk Hogan's Lawsuits Against Gawker</a>\n<p><a href=\"http://davidsevera.tumblr.com/post/144879690784/this-silicon-valley-billionaire-has-been-secretly\" class=\"tumblr_blog\" target=\"_blank\">davidsevera</a>:</p>\n<blockquote><blockquote>\n<p>The involvement of Thiel, an eccentric figure in Silicon Valley who has advocated for teenagers to skip college and <a href=\"http://www.forbes.com/sites/ryanmac/2016/05/10/billionaire-facebook-investor-peter-thiel-is-a-donald-trump-delegate/\" target=\"_blank\">openly supported</a> Republican presidential candidate <a href=\"http://www.forbes.com/profile/donald-trump/\" target=\"_blank\">Donald Trump</a>,\n adds another wrinkle to a case that has garnered widespread attention \nfor its implications over celebrity privacy and a publication\u2019s First \nAmendment rights. During court proceedings, which ended in late March \nwith a $140 million victory for Hogan, there had been <a href=\"http://lawnewz.com/high-profile/might-an-anti-gawker-benefactor-be-covering-hulk-hogans-legal-bills\" target=\"_blank\">rumors</a> that\n a wealthy individual had funded Hogan\u2019s case though there was never any\n hard evidence that surfaced to prove that was true.</p>\n<p>On Tuesday, <a href=\"http://www.nytimes.com/2016/05/24/business/dealbook/gawker-founder-suspects-a-common-financer-behind-lawsuits.html?ref=topics&amp;_r=0\" target=\"_blank\">in an interview </a>with\n The New York Times, Denton said he had a \u201cpersonal hunch\u201d that the \nfinancial aid could be linked to someone in Silicon Valley.\n \u201cIf you\u2019re a billionaire and you don\u2019t like the coverage of you, and \nyou don\u2019t particularly want to embroil yourself any further in a public \nscandal, it\u2019s a pretty smart, rational thing to fund other legal cases,\u201d\n he told the Times.</p>\n<p>It is not illegal for an outside entity to help fund another party\u2019s lawsuit, and the practice, known as \u201cthird-party\n litigation funding\u201d has become increasingly common in the U.S. \nTypically, the outside party negotiates for a defined share of any \nproceeds from the suit.</p>\n</blockquote></blockquote>"}