A former lawyer who became a Silicon Valley entrepreneur acknowledges he paid roughly $10 million to finance Hulk Hogan’s winning lawsuit against Gawker and says it’s not the only case he has financed.
Peter Thiel tells the New York Times DealBookblog that he paid lawyers to find people who had been harmed by Gawker news stories and financed at least two current cases against the gossip website. The financial backing, Thiel says, is “one of my greater philanthropic things that I’ve done.”
