Analysis

Gawker's Probe Of Thiel Keeps Harsh Light On Legal Funders

By Andrew Strickler (July 7, 2017, 5:16 PM EDT) -- A court order allowing Gawker to probe billionaire Peter Thiel's dealings with the firm behind a massive verdict that drove the company into bankruptcy may yield little ammunition for the estate's administrator, but the decision should stir anxiety among traditional litigation funders over its potential to inspire similar rulings or new disclosure requirements, experts said.

A New York bankruptcy judge ruled on June 28 that Gawker Media LLC can pursue information about Thiel's communications with Beverly Hills firm Harder Mirell & Abrams LLP, which represented pro wrestler Terry Bollea, better known as Hulk Hogan, in securing a $140 million Florida verdict...

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