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Pokerstrategy Wins Lawsuit Vs Fulltilt Poker
Tuesday February 12,2013 : POKERSTRATEGY VICTORIOUS IN LITIGATION WITH POCKET KINGS
Full Tilt's parent group was sued for $1.2 million
Pocket Kings, the parent group and former owner of Full Tilt Poker, has lost a case filed by affiliate partner Pokerstrategy and worth $1.2 million.
Following a decision in its favour by the Irish High Court, Pokerstraegy owner Dominik Kofert is now reportedly negotiating with Pocket Kings liquidators to secure payment.
The litigation has its roots in a marketing agreement between Pokerstrategy and Pocket Kings which was finalised prior to the Black Friday shut down and temporary ruination of the online poker operator .
Full Tilt was subsequently acquired by rival Pokerstars after complex negotiations with the US Department of Justice.
In August 2011 Pokerstrategy started legal proceedings, with Kofert commenting that he had awaited the completion of the DoJ - Pokerstars talks before moving on his claim to remuneration for the 30,000 players a month he claimed his site was sending to FTP pre-Black Friday.
Back then, Kofert told readers of the PocketFives information site:
"Full Tilt Poker has a marketing agreement with us, under which there is – among other continuing obligations – an outstanding invoice of approximately $1.2m. This has been outstanding since Full Tilt Poker was forced to suspend operations in June 2011 due to the revocation of its licence [by the Alderney licensing authorities - ed].
"Despite the large sum of money involved, we were careful to file the claim only after the rescue of Full Tilt Poker was completed as it was of the utmost importance that this claim would not jeopardise any potential deal, player bankrolls or the resurrection of Full Tilt Poker.
"Thus, our claim has nothing to do with players getting repaid or not. That the players get repaid is a done deal and we deliberately waited with our claim until it was done."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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