By David Rovella, Bloomberg News
In the old days, lawyers spent their own money to sue in the hope of victory and a third of the client’s award. Then came litigation finance, in which law firms with limited funds turn to investors, getting cash up front in exchange for a piece of the pie if the case is won.
Now comes Terry Bollea, better known as wrestling superstar Hulk Hogan, and his successful lawsuit against Gawker Media LLC.
PayPal co-founder Peter Thiel helped bankroll Bollea’s lawsuit against the online-media company, a person with knowledge of the matter told Bloomberg News. ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.