Thiel, an American billionaire, secretly funded Hulk Hogan's privacy case against now-defunct Gawker Media. Investors placing bets on lawsuits have long operated under a veil of secrecy.
As litigation funding becomes more well known in the United States, it seems as the online home-rental company is now providing financial assistance for a lawsuit brought by one of its hosts against New York City, as the startup gears up for a vicious fight with officials.
Plaintiff Stanley "Skip" Karol, a 56-year-old Airbnb host who has lived in the same two-family home in Sunset Park, Brooklyn, for 57 years, sued New York City in the United States District Court for the Southern District of New York Wednesday, accusing Mayor Bill de Blasio and his administration of retaliating against him for speaking out in support of home rentals.
About a week after Karol appeared at a city council hearing to criticize the de Blasio administration and the proposed anti-Airbnb legislation, the Mayor's Office of Special Enforcement (OSE) hand-delivered Karol at his home, four summonses which in total demanded payment of up to $32,000 in fines.