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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.
Recent Gambling News :
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Gloomy Outlook For Macau Gambling -
The challenges facing Macau's gambling industry, notably the Chinese central government crackdown on corruption, international competition for VIP punters and possible visa restrictions, together with the falling revenues in the offshore gambling mecca, have prompted the Fitch ratings agency to revise its forecast for revenue growth this year.
Twitch Hacked -
#twitch The nascent and very promising poker streaming facility Twitch has been hacked, but is fighting back with a series of measures, it advised Wednesday in a website notice and communications direct with users.
SportsBetting Ring Leader Mark Ruff gets 9 years in jail -
U.S. District Judge Frank Geraci sentenced online sports betting ring leader Mark Ruff to nine years in jail Wednesday on charges that he was the key figure in an illegal $75 million online sports betting ring, money laundering and for attempting to blackmail a pro hockey player, Thomas Vanek.
Nothing New at Hearing on Internet Gambling -
#rawa Political ignorance and biased misinformation probably characterise the proceedings in Washington DC yesterday (Wednesday) when the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations listened (and gave their own often mystifying views) to testimony from a witness list loaded to present an argument that internet gambling should be federally banned.
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