Article Image

IPFS News Link • Courtroom and Trials

Report claims billionaire investor Peter Thiel is secretly funding Hulk Hogan's lawsuit ...

• Business Insider

On Monday, even Gawker's founder, Nick Denton, in an interview with The New York Times, seemed to buy into what was once considered a far-fetched conspiracy theory.

And on Tuesday, a report from Forbes by Ryan Mac and Matt Drange said venture capitalist Peter Thiel was the behind-the-scenes benefactor helping to finance the case.

The Forbes report cited only anonymous sources "familiar with the situation." Business Insider could not independently confirm the report. And it said it was unclear whether Thiel was the only person funding Hogan's case. Request for comment from multiple Thiel-associated entities went unreturned.

Hogan, a professional wrestler whose real name is Terry Gene Bollea, sued Gawker for publishing a video clip in 2013 of him having sex. In March, a jury awarded Hogan $140 million in damages. Gawker has said it will appeal the verdict.


PurePatriot