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Gawker discussing 'potential settlement' with Peter Thiel reps

• http://nypost.com, By Julia Marsh

A bankruptcy attorney for the shuttered website is in settlement talks with representatives for Thiel, according to Manhattan federal court records.

Gawker has already paid legendary wrestler Hulk Hogan $31 million to settle a $140 million jury award for publishing his sex tape. Thiel, who co-founded PayPal, was not named in that deal even though he funded Hogan's lawsuit.

Thiel's war with Gawker founder Nick Denton started in 2007 when one of Gawker's sister sites outed the entrepreneur as gay.

Last month Galardi had two, 30-minute phone calls with attorneys for Thiel to discuss a "potential settlement," according to a fee statement filed in Manhattan bankruptcy court this week.

Galardi told The Post the talks are focused on a motion Gawker filed in October for documents and testimony from Thiel about his support of the Hogan litigation and other lawsuits against the gossip website.


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