News: Class Action Suit vs. Full Tilt Filed; Ivey Lawsuit Dropped Officially

A class action lawsuit on behalf of US poker players with Full Tilt accounts has been filed against Full Tilt Poker. Additionally, Phil Ivey has officially dropped his lawsuit against Tiltware.

Class Action Suit vs. Full Tilt

A class action lawsuit has been filed by poker players Steve Segal, Nick Hammer, Robin Hougdahl, and Todd Terry against a number of individuals associated with Full Tilt Poker. The suit is intended to recover approximately $150 million owed to American poker players with Full Tilt accounts.

In a class action lawsuit, a large group of people collectively sue defendants for damages. In this case, the 4 named plaintiffs are suing on behalf of all similarly situated U.S. poker players.

The defendants in the case that are not members of Team Full Tilt are: Raymond Bitar, Nelson Burtnick, Full Tilt Poker LTD, Tiltware LLC, Vantage LTD, Filco LTD, Kolyma Corp. AVV, Pocket Kings LTD, Pocket Kings Consulting LTD, Randston LTD, Mail Media LTD, and John Does 1-100.

The Team Full Tilt members named as defendants are Howard Lederer, Phil Ivey, Chris Ferguson, John Juanda, Jennifer Harman, Phil Gordon, Erick Lindgren, Erik Seidel, Andy Bloch, Mike Matusow, Gus Hansen, Allen Cunningham, and Patrik Antonius.

Tom Dwan is the only Team Full Tilt member not mentioned by name in the suit.

The lawsuit alleges that the defendants illegally denied players access to their funds, and misled players regarding the legality of financial transactions with the company.

It also claims that Full Tilt's illegal activities within the United States caused significant harm to their U.S. customers.

Ivey Lawsuit Dropped

Phil Ivey's lawsuit vs. Tiltware LLC has been voluntarily dismissed by Ivey himself, according to Clark County Courthouse records. The case was officially dropped on June 30.

Last week, Ivey's lawyer David Chesnoff told the Los Angeles Times that Ivey intended to dismiss the suit when he felt that Full Tilt was taking significant steps towards paying players.

Now that a group of European investors is likely to purchase Full Tilt, "Ivey believes the company is moving in the right direction and no longer feels his suit is necessary."