Big-Time Litigation Funding Vs. Consumer Legal Funding
Law360, New York (December 6, 2016, 1:09 PM EST) -- Last spring, news surfaced that billionaire Peter Thiel had funded Hulk Hogan’s lawsuit against Gawker for releasing Hogan’s unauthorized sex tape. Since then, the landmark case has had wide-ranging fallout. Gawker filed for bankruptcy after a jury awarded a $140 million settlement in favor of Hogan, and Thiel has moved into an executive position on President-elect Donald Trump’s transition team. From a legal and regulatory perspective, the case also provided a unique opportunity to distinguish the varying types of legal finance resources and clear up some misconceptions.
When news of Thiel’s involvement broke, it was probably the first time most Americans...
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