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01 Feb 12
Full Tilt Update: Deal By End of Feb, Players' Suit Dismissed, Ferguson Settles?
A slew of Full Tilt Poker news has been revealed as Laurent Tapie denied rumours that Chris Ferguson was to sabotage the Full Tilt takeover. He added the deal should be complete by the end of February, plus more news from the legal front.
Laurent Tapie: Full Tilt acquisition "by the end of February"
|Is this man the saviour of Full Tilt Poker?|
Shortly after rumours began to churn that Full Tilt Poker and the US Department of Justice (DoJ) had agreed to the terms of the forfeiture agreement to allow the GBT takeover, Tapie confirmed that: "the due diligence process is nearly complete... unless there are last-minute surprises, we hope to do the deal by the end of February."
It should be noted that this does not give us a time frame for the return of Full Tilt Poker, simply the acquisition of the company by GBT.
Chris Ferguson not interfering, will settle?
|Chris Ferguson is not interfering with the GBT
deal and could settle with the DoJ soon.
"This is totally false," Tapie said. "Chris Ferguson has no problem with regard to the completion of the takeover agreement, which is imminent. Even if he wanted to... he would not be able to because [the agreement] has been validated."
Chris Ferguson had recently come under fire, back in the poker spotlight when Subject: Poker broke the news that he had funnelled around $60 million of his Full Tilt payments to bank accounts held for him.
However, according to Tapie, this is simply not the case.
There could be more good news for Ferguson also: according to his lawyer, Ian Imrich, Ferguson has been having "very positive dialogue" with the Department of Justice and expects to have his case settled in early 2012.
Todd Terry lawsuit against Full Tilt Poker dismissedFurther to this, the class action lawsuit brought against Full Tilt Poker by lawyer-turned-poker pro Todd Terry has been dismissed. The lawsuit, which named Ferguson, Howard Lederer, Ray Bitar, Phil Ivey and others, as well as nine companies associated with Full Tilt Poker, saw many claims dismissed today.
Judge Sand dismissed all claims against individuals other than Ray Bitar and Canadian Nelson Burtnick. He said that "it remains unclear whether the direct cause of Plaintiffs' injuries was the decision by the US Attorney's office to temporarily shut down and seize [Full Tilt Poker]'s assets... or was the subsequent decision by one or more of the Defendants."
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