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The business of backing other people's lawsuits for profit

May 26, 2016
Investors pay a lawsuit's costs with the goal of sharing in a judgment.
Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media at the Pinellas County Courthouse on March 8. It was revealed this week that Silicon Valley investor Peter Thiel was financing the campaign. It turns out, he's not the only investor who financially supports other people's lawsuits.
John Pendygraft-Pool/Getty Images