Player Class Action Lawsuit Against Full Tilt Filed in SDNY
This is the players’ complaint. In short, the lawsuit makes the claims the DOJ made in its criminal and civil forfeiture claims–that Full Tilt was engaged in an organized crime scheme to defraud banks and launder money. It is a claim for repayment of player accounts and for damages under the RICO act.
The players who filed this lawsuit fucked up pretty badly. There is no way this lawsuit can be anything other than counterproductive, given the news reported by the Los Angeles Times (and now independently reported by the Wall Street Journal) that a group of European investors have purchased control of Full Tilt.
Fortunately, it is unlikely this lawsuit will have any effect on the situation. If we do have investors, payouts are likely to get underway long before this lawsuit can be moved beyond the preliminary complaint, service on defendants and answer stage. It will very likely become a moot point.
The players who have filed the lawsuit are:
Steve Segal (probably not the actor, lol), Nick Hammer, Todd terry and Robin Hougdahl. If any of you know any of these morons, or happen to run into them at the mall or the WSOP, tell them for me that they are a bunch of blithering idiots.