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If Gawker could settle and have their insurance company take the hit then Gawker itself would remain relatively unscathed. By preventing the insurance company f
by bcruddy 10y ago
If Gawker could settle and have their insurance company take the hit then Gawker itself would remain relatively unscathed. By preventing the insurance company from paying out, Hogan/Thiel have made it more difficult to win their case and more difficult to collect to monetary award. Also - by not settling Hogan's legal bills increase as the battle rages on. Gawker can outspend Hogan, but Gawker can't outspend Thiel.
- kbenson 10y agoCan Gawker outspend Hogan? He's reported to have $25 million. If Gawker can't take a hit of $140 million and survive, how much can they afford? In the end, I don't think it really matters. If you did stuff your insurance doesn't cover and get sued for it, that's your fault. You don't get to decide how the other side responds. If your business model relies on this behavior, you should really be keeping this in mind. (These are generalizations. I'm not sure what Gawker is guilty of, if anything, and what their business model really consists of).