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."