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Tobey Maguire settles poker lawsuit

Monday, November 28,2011 :  SPIDEY SETTLES POKER LAWSUIT (Update)
 
Settling cheaper than fighting the case
 
Hollywood A-Lister Tobey Maguire has reportedly settled a lawsuit brought against him and others by the bankruptcy trustees of Brad Ruderman a hedge fund investor, who is currently in jail for a ponzi scheme.
 
Ruderman allegedly led High Stakes Texas Hold'em underground poker sessions, that included well known celebrity players Maguire, Nick Cassavetes, Leonardo DiCaprio, Ben Affleck, Matt Damon and Gabe Kaplan, losing millions of dollars of investor money.
 
Court documents indicate that Maguire has agreed to pay $80 000 of the claimed $311 000 in winnings to settle the lawsuit, noting that he had also lost $170 000 to Ruderman and although he "strongly disputes that he violated any laws, rules or regulations in regard to participating in the poker games", that fighting the case would prove to be more costly.
 
Fourteen of the twenty-two people named in the suit have reportedly settled their cases for a total of around $1.2 million.



Gambling News :

Changes to Microgaming's Poker Network - Microgaming's Poker Network has unveiled planned improvements to its Sit 'n Go offering, inviting public comment on the project to ensure that a favourable product emerges when the changes are implemented end February.

Pokerstars New Heads Up App Duel - Pokerstars announced the arrival of a new app titled Duel yesterday (Thursday), describing the product as a fresh new game that enables any two poker fans around the world to challenge and engage in heads up matches against one another.

Adam Ruffett Leaves Unibet for Sun bets - Former Unibet online casino chief and industry veteran Adam Ruffett has left Unibet after a five year tenure to take over similar responsibilities at Sun Bets

Russian Bookie Liga Stavok Goes Online - Parent group First International Bookmaker Company, is a major Russian gambling company with over a million registered punters, and employs over 1,000 people.

The Shape of Online Gambling in 2016 - The gambling industry was always quick to adopt new technologies. The first online casinos have been released soon after the internet became accessible for the masses.

Eternal Love Slot Launches - Online gambling games developer RealTime Gaming has selected Valentine's Day week for the release of its latest online slot, titled Eternal Love, but featuring a rather scary vampire theme.

Netent FY 2015 revenue up 34 percent - #netent Swedish online gambling software and games developer NetEnt powered to another record performance in 2015, according to numbers published this week by the company, which highlighted the following achievements:

Freerk Post Wins Poker Tax Case - Kudos to Dutch online poker pro Freerk Post, whose running fight with the Dutch tax authority Belastingdienst has ended in success, with the taxman withdrawing an appeal against an earlier positive finding for the player.

PartyPoker Removes Withdrawal Fees - Possibly due to a more player-friendly approach by new owner GVC Holdings, Party Poker announced Wednesday that a decision to charge players for e-wallet withdrawals has been rescinded with immediate effect.

Zynga Earning Reports - The San Francisco-based social gaming developer and operator Zynga reported results on Wednesday that were a bit like the Curate's egg - good in parts.

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