ST.
PETERSBURG, Fla. (AP) -- News reports say pro wrestler Hulk Hogan's
legal battle against Gawker has been secretly backed by Silicon Valley
venture capitalist Peter Thiel.
Hogan won a $140 million invasion-of-privacy verdict two months ago against Gawker for posting a sex tape of him.
Thiel, who co-founded PayPal and was an early investor in Facebook, was outed as gay by a Gawker-owned website in 2007.
Legal experts say there's nothing illegal about someone financing a lawsuit.
Hogan
and Gawker were back in a Florida court Wednesday. Judge Pamela
Campbell denied Gawker's request for a new trial and refused to reduce
the damages. Gawker vows to take the case to an appeals court.
Thiel, whose net worth is estimated by Forbes at $2.7 billion, didn't immediately respond to interview requests.
Culled from AP
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