Hulk Hogan, the powerful Hall of Famer of the wrestling world won his case against Gawker Media. His moneyed financer in the person of Paypal co-founder, Peter Thiel helped him to bank roll his highly-publicized case.
Peter Thiel helped sustain Terry Gene Bollea aka Hulk Hogan’s litigation expenses especially his lawyer, the prominent LA lawyer, Charles Harder’s fees. According to Forbes, the billionaire has a thing against Gawker when it leaked to the public the Silicon Valley billionaire’s sexuality. At that time, he was still not out.
Gawker Media’s founder Nick Denton said in an interview that somebody from Silicon Valley is financing Hogan’s lawsuit. However, this practice is not illegal because this is a rampant practice in the U.S. Thiel and his representatives did not comment on the allegations.
The wrestler won his case worth $140 million. Hulk Hogan sued Gawker Media, publisher of the Gawker site and its employees and affiliates for posting a sex tape of the wrestler and the wife of his best friend and radio personality Bubba the Love Sponge, as reported by the New York Post.
Hogan had Gawker Media booked for invasion of privacy, intentional infliction of emotional distress and infringement of personality rights. He sought $100 million in damages. Last March, the court ordered that Hogan be indemnified with $115 million in compensatory damages and $25 million in punitive damages. The company would be appealing the court decision.
The media company’s defense is about freedom of the press but the court did not consider their statement. Hogan suffered emotional setbacks and financial losses because of the case. His career in the WWE was greatly affected because of the scandal.
Hulk Hogan is now vindicated. And if Peter Thiel indeed helped him finance his case, then he is the person from whom Hogan owes his victory. But is this ethical?
Also Read: Hulk Hogan Using The Legal System As A Money-Making Machine? Suing Gawker Again For Exposing Him As A Racist