We may all agree that enforcing speeding laws is a good thing, and someone who gets a ticket for it deserves the fine. But if I could fund the police department to have a car permanently follow just you around and nail you for each transgression, it turns something that is fair for each individual offense into something unfair in aggregate. Even if by doing so I was making the roads safer, and you technically deserved each fine.
I think Peter Thiel is doing something similar and even though Gawker is in the wrong in the individual case and deserves to lose, I strongly dislike being able to keep paying to throw the justice system against your enemies.