Full Tilt & DoJ agree; Terry’s class action suit largely dismissed

Full Tilt & DoJ agree; Terry’s class action suit largely dismissed

Wednesday, 1 February 2012

Honestly, you wait ages for a bit of news about Full Tilt Poker and then two bits come along at once. According to a report from Gaming Intelligence the Department of Justice have agreed on the final terms of forfeiture with Full Tilt Poker and secondly, Todd Terry’s lawsuit against the site has mostly been dismissed.

According to Gaming Intelligence, the owners of Full Tilt agreed to the final terms with the DoJ, which can allow Group Bernard Tapie to purchase the company from the DoJ for $80 million. The Department of Justice will repay US players while GBT will be responsible for global players.
"We need to complete our due diligence and reactivate the license,” Tapie told Gaming Intelligence, indicating that the company is negotiating with the AGCC.

Meanwhile, Todd Terry’s class action lawsuit against Full Tilt Poker has been dismissed: “At this stage in the litigation it remains unclear whether the direct cause of Plaintiffs’ injuries was the decision by the U.S. Attorney’s office to temporarily shut down the Full Tilt Poker website and seize the company’s assets or was instead, as Plaintiffs’ conversion allegations suggest, the subsequent decision by one or more of the Defendants,” the judge said. The defendants in question included Chris Ferguson, Patrik Antonius, Howard Lederer and Phil Ivey.

Tags: Full Tilt Poker, Groupe Bernard Tapie, Todd Terry, Black Friday