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Peter Thiel’s Money Can't Stop Probe of Gawker Imbroglio, Judge Rules

  • Investigation of billionaire’s role in bankruptcy can proceed
  • Gawker estate says claims against Thiel may be worth millions
Peter Thiel

Peter Thiel

Photographer: Andrew Harrer/Bloomberg

Technology investor Peter Thiel can’t avoid an investigation into whether he destroyed Gawker Media LLC by buying the company’s remaining assets -- which include the right to pursue lawsuits against him -- a judge ruled.

A year and a half into Gawker’s bankruptcy, the company will auction the few remaining holdings left after its celebrity-gossip blog closed. The Silicon Valley entrepreneur had said he was interested in buying the rights to any claims against him, and that as a result any investigation shouldn’t proceed. Thursday’s ruling means he can still bid on his own liability, but scrutiny of his dealings can go on.