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July 2016

Why Peter Thiel Funded Hulk Hogan’s Lawsuit Against Gawker

Terry Gene Bollea, also known as Hulk Hogan won a settlement for $140 million against Gawker in March of 2016.  The suit was over a sex tape released by the gossip media outlet in 2012.  It’s no surprise that Gawker would eventually be sued as they make themselves enemies with the rich and famous.  One enemy they wish they hadn’t made is billionaire Peter Thiel. 

The 3 Biggest Reasons to Take Lawsuit Funding

Before making a decision to take funding against your lawsuit, consider the following.  Do you really need the money?  Do you want to settle your case for less than it’s actually worth?  Can you borrow money elsewhere? 
You Need the Money
During the aftermath of a personal injury accident, money can be

Legal Funding Company Best Practices

Before you borrow money against your lawsuit settlement, you should learn what the industry best practices are and make sure the funding company you use follows these practices. 
  1. The funding company must obtain a written acknowledgement from your attorney before funding your case.  The reason for the attorney acknowledgement is so that the funding company will get paid back if and when your case settles.
  1. The funding company cannot acquire ownership in your case.  The funding company is entitled to be paid back based upon a rate agreed on by both parties.  The funding company cannot buy a “stake” in someone’s case in return for a fixed portion of the settlement. 
  1. The funding company cannot interfere with your case.  They cannot force you take a settlement, which is a decision for you and your attorney to make. 

Driver Dies While Using Tesla Autopilot

Yesterday Joshua Brown, a 40-year-old owner of a Tesla Model S passed away when his vehicle drove itself under a tractor trailer on a highway.  The electric car’s autopilot feature failed to differentiate between the white side of an 18-wheeler and the sunny sky.  Joshua previously uploaded a video to YouTube, showing his Tesla Model S avoiding an accident with a truck driver
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