Jeff Ifrah: DOJ Negotiations with Tapie on Full Tilt Deal Continue

Attorney Jeff Ifrah has confirmed to PokerStrategy.com that the DOJ is still in negotiations with Groupe Bernard Tapie, and that rumors that state otherwise are unsubstantiated.

On September 30th, Groupe Bernard Tapie and Full Tilt Poker signed an acquisition agreement. The agreement outlined several conditions that must be met in order to finalize the sale of Full Tilt.

The most significant necessary condition is a favorable resolution between the company and the United States Department of Justice (DOJ). Negotiations with the DOJ began early last week.

Over that last few days a rumor surfaced on some poker sites stating that the negotiations between Groupe Bernard Tapie and the DOJ had ceased.

Jeff Ifrah, an attorney associated with Full Tilt, has told PokerStrategy.com that "the rumors that negotiations have ended are completely false and without merit."

The DOJ has been in talks with Groupe Bernard Tapie over the last two weeks, and negotiations will continue to take place. It is not yet clear how long this process will take before an outcome is reached.

While the specific details being discussed are largely confidential, it has been reported that the Tapie group proposed a plan where players with very significant amounts of money in their Full Tilt accounts would receive equity in a revived company rather than cash.

With respect to that possibility, Ifrah was able to confirm that "It is very much still on the table. However, I do not have any official feedback on DOJ's position."

As always, PokerStrategy.com will continue to keep you updated on all news related to Full Tilt Poker.

Recent Full Tilt News

• Full Tilt's Assets to be Preserved (Oct. 9)
• PokerStrategy.com View on the Full Tilt Poker Situation (Oct. 4)
• Full Tilt May Offer Equity to Players Owed Money (Oct. 4)
• The AGCC Issued a Statement to Full Tilt Players (Oct. 3)
• John Campos and Chad Elie Filed Motions for Dismissal (Oct. 2)

by Matt Kaufman