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Re:Gawker Files for Bankruptcy, Will Be Put Up for Auction by mikeyouse on Friday June 10, 2016 @01:25PM (#11878040)
That's precisely what Thiel's doing though -- He just hit the jackpot with the Hogan amount. He's also funding several other suits against Gawker including one from someone who claimed to have invented email. He's like a terrible patent troll for journalism.

The Gizmodo article that Thiel thinks is worth suing Gawker over: http://gizmodo.com/5887480/the-inventor-of-email-did-not-inv...

Re:Gawker Files for Bankruptcy, Will Be Put Up for Auction by FireBeyond on Friday June 10, 2016 @01:33PM (#11878160)
What jackpot? They could have gotten the insurance payout. Except they dropped that part of the suit specifically so Gawker could not use the insurance it had purchased for this reason.
Re:Gawker Files for Bankruptcy, Will Be Put Up for Auction by mikeyouse on Friday June 10, 2016 @01:36PM (#11878192)
The jackpot in the sense that Thiel's goal was to litigate Gawker into bankruptcy and the Hogan case played out perfectly for him.
Re:Gawker Files for Bankruptcy, Will Be Put Up for Auction by GVIrish on Friday June 10, 2016 @01:31PM (#11878130)
Ah ok, that is not something I've seen mentioned anywhere else.

Still, Gawker is/was big enough that several frivolous lawsuits would've been unlikely to cause bankruptcy if none of them resulted in an adverse judgment. I have to think Thiel's goal was more to fire multiple shots and hope one finds its mark.