And yet the alternative is to allow vile publications like Gawker to continue to cause damage to the general public without anyone able to stand up to them.

It's also important to point out that Thiel is not manufacturing bogus cases to try and overwhelm a company with lawsuits. He's trying to find legitimate victims of Gawker and fund their lawsuits. These aren't frivolous claims, they're merely claims that the victims may not have been able to afford to file otherwise.