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Former Party Gaming Founder Russel DeLeon in the News This Week

Wednesday February 18,2015 : FORMER ONLINE POKER MOGUL WITHDRAWS SUPPORT FROM ENVIRONMENTAL ACTION
 
Russel DeLeon pumped millions into court action against Chevron.
 
One of the founders of the Party Gaming online gambling empire, Russel DeLeon, was in the headlines this week after withdrawing his financial support for an environmental action against the Chevron oil company.
 
Bloomberg news service reports that DeLeon has accused the lead plaintiff's lawyer in the pollution case - now entering its third decade - of misleading him regarding the underlying facts.
 
DeLeon became involved in the case through the plaintiff's lawyer, Steven Donziger, a friend from his days at Harvard Law School, and started providing financial support in 2007. Bloomberg reports that over the next six years DeLeon ponied up around $23 million as the plaintiff and Chevron fought it out in legal exchanges involving very large sums of money.
 
A $19 billion victory for the plaintiff in 2011 was followed by accusations from Chevron that Donziger had been successful through "fraud, coercion, and fabricated evidence." The oil company launched an action against the lawyer in a New York federal court, accusing him of turning the environmental suit into a massive extortion scheme.
 
The oil company won the case in March last year, overturning the $19 billion benefits obtained earlier. Donziger has appealed this judgement, but his professional and financial supporters have been alarmed by developments and have in some cases distanced themselves from his efforts.
 
DeLeon is apparently the latest to do so, allegedly retreating under pressure from Chevron, which sued him personally in Gibraltar for allegedly financing the crooked legal campaign.
 
In a statement on the issue last month, DeLeon said that after reviewing the court's findings on Donziger's activities he has concluded that "representatives of the [Ecuadorian] plaintiffs, including Steven Donziger, misled me about important facts. If I had known these facts, I would not have funded the litigation."
 
It appears that DeLeon's generosity was not motivated solely by altruism; the report notes that in return for his financial support, DeLeon had been promised a 7 percent share in any benefits flowing from the case.
 
In his statement, DeLeon said: "I no longer seek or wish to receive any financial benefit from this matter, and I have therefore decided to relinquish my entire interest in the litigation to Chevron."
 
In return, the oil company agreed to drop its suit against DeLeon, who agreed to provide Chevron with information and documents related to the pollution case.
 
"We are pleased that yet another long-time supporter has ended his association with this scheme," R. Hewitt Pate, Chevron's vice president and general counsel, said in a prepared statement. "Chevron will continue to hold accountable those who associate themselves with this fraudulent litigation."
 
However, a spokesperson for Donziger said that DeLeon had only backed away from the issue under legal pressure from Chevron, has not "disavowed" the case and "...knows the charges against us are fabricated by Chevron."
 
The spokeswoman also intimated that DeLeon's percentage of the action could now be sold to other "investors" who believe Donziger's appeal could be successful.



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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