The Poker community seems to be in good spirits as of this morning.
FTP sold to European investors:
Players will get paid:
Attorneys associated with Full Tilt said the company signed an agreement Thursday with a group of investors who would put up enough money to pay back players and in doing so attain a majority stake in Full Tilts Irish parent company, Pocket Kings.
Ivey withdraws suit:
The player who sued Full Tilt, Phil Ivey, sat out the World Series of Poker, which is currently taking place in Las Vegas, to protest the companys inability to repay players. Ivey was set to withdraw his lawsuit in Nevada state court Thursday, according to his attorney David Chesnoff.
Mr. Ivey intends to dismiss his lawsuit as he believes Full Tilt is taking steps to see that the players are paid, - Chesnoff said.
Supposedly, Ivey has been instrumental in both:
A) Personally looking for an investor(s).
B) Putting pressure on Ray Bitar and Howard Lederer (FTP Owners) to accept a deal.
(granted, the article above is 4 days old which is ancient with regards to how much has changed in that time period)
durrrrs take on that article, 2+2 thread about it:
We still dont know if he had any role in AGCC moving to suspend FTPs license. If this turns out to be true (and Im sure a lot more info about everything will come out later), my opinion of him will grown tenfold.
So ... Im cautiously optimistic right now, but - money still needs to make it into my bank account, amirite?
3:35 Update: Todd Terry & Co file a class action lawsuit against FTP to return player funds.
Given everything thats going on ATM - including the speed with which events are occurring, I think its just noise. Still - its a development so I thought I would post it. Such documents take a while to prepare, so it seems like it was initiated before the shtf on Wednesday.
Seems like the document is singling out every individual member of team FTP other than Tom Dwan.