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Peter Thiel and Y Combinator fund a “litigation financing” startup

40 points| wiredfool | 9 years ago |boingboing.net | reply

33 comments

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[+] John23832|9 years ago|reply
I totally understand why Peter Thiel felt the way he did about Gawker. Outing someone is a HORRIBLE thing to do. I can't underscore that enough. Especially in the way that they did. They engaged in yellow journalism and hid behind the shield of reporting.

That being said, this idea that we can extinguish the flame of reporting with a firehose of money is a horrible precedent. This is essentially saying that the rich few can determine what is reported to the masses due to their wealth. Allowing things like this endangers the important investigative reporting that uncovers things like bad working conditions, corruption and other horrible things that go on in society.

[+] drspacemonkey|9 years ago|reply
Don't understate the serious amount of wrongdoing on Gawker's part in that lawsuit. After that giant, public "we're not going to obey the court order we were just given" article, there's no way in hell Gawker was planning on wining the lawsuit. My guess is they were planning on out-spending Hogan and pushing a settlement on him when he ran out of money.

It wasn't until much later that they found out they wouldn't be able to buy their way out of trouble.

[+] gumby|9 years ago|reply
> I totally understand why Peter Thiel felt the way he did about Gawker. Outing someone is a HORRIBLE thing to do. I can't underscore that enough.

True, but he did feed the beast, producing a Streisand Effect. I had no idea he was gay (not that I care either way) until he won this lawsuit.

[+] TazeTSchnitzel|9 years ago|reply
I think you've confused “prescient” and “precedent” there. (Not that it matters.)
[+] jmount|9 years ago|reply
Funding lawsuits for profit is a well-known society anti-pattern called "champerty." It is no longer illegal (as blocking it interfered with access to justice) but when used for profit or other agendas it is pretty damaging (think patent trolls).
[+] bmh_ca|9 years ago|reply
A key issue related to champerty is barratry (https://en.wikipedia.org/wiki/Barratry_(common_law)), being: "overly officious in instigating or encouraging prosecution of groundless litigation" or who bring "repeated or persistent acts of litigation" for the purposes of profit or harassment.

Champerty (the funding of the litigation of others) is a problem in no small part because it allows the wealthy to engage in barratry (frivolous or vexatious litigation).

[+] thrill|9 years ago|reply
It's only a good thing when it's done with an agenda you agree with and not when it's equally available to others?
[+] Grue3|9 years ago|reply
It's not an anti-pattern if it allows poor to sue the rich.
[+] Shanea93|9 years ago|reply
This article starts with facts and then quickly becomes a rather vicious personal attack against Peter Thiel.
[+] yeahyeah|9 years ago|reply
The only attack is a single phrase, referring to him as a "sociopathic billionaire". I don't think his status as a billionaire is questioned, so you must object to the use of the one word "sociopathic". Let's check the DSM-IV:

Antisocial personality disorder is characterized by a lack of regard for the moral or legal standards in the local culture. There is a marked inability to get along with others or abide by societal rules. Individuals with this disorder are sometimes called psychopaths or sociopaths.

Well, not exactly clear-cut, but I think a reasonable set of people, perhaps including Thiel, would agree that he has "a lack of regard for the moral or legal standards in the local culture"

[+] bantunes|9 years ago|reply
Can you blame them? Trump backer, vampire, "I-don't-like-this-publication-so-lets-kill-it", "competition-is-for-chumps", "lets-create-a-state-in-international-waters-so-we-can-do-whatever" Thiel is just a toxic character these days.
[+] untog|9 years ago|reply
While it is an attack, their cite a link for every claim they make against him. IMO they're entitled to attack as long as they have the evidence to back it up.
[+] exratione|9 years ago|reply
The ability to sell portions of your right to justice is both an important freedom and a check on the ability of those with power to trample on those without. It is interesting that so many people who claim to champion the rights of the powerless are vigorously opposed to the concept.
[+] John23832|9 years ago|reply
> The ability to sell portions of your right to justice is both an important freedom and a check on the ability of those with power to trample on those without.

How? If everyone has equal access to justice and the justice system, there is no need to "sell portions of your right to justice".

[+] Overtonwindow|9 years ago|reply
Absolutely biased and devolves rather quickly into an attack on Thiel bordering on insulting.
[+] mc32|9 years ago|reply
It's basically a personal rant disguised as an article about a new startup. I guess Cory has an axe to grind.