Todd Terry Sues Full Tilt Poker

Poker Rooms | estimated reading time
2011. July 03.
A class action complaint has been filed against <em>Full Tilt Poker </em>and the related companies and individuals in the U.S. District Court South District of New York. Plaintiffs include <strong>Steve Segal</strong>, <strong>Nick Hammer</strong>, <strong>Robin Hougdahl</strong> and <strong>Todd Terry</strong>.
As we reported, Phil Ivey’s attorney, David Chesnof confirmed that Ivey dismissed his lawsuit against Full Tilt Poker. Most likely the pro intended to foster the agreement between the room and the European group of investors who are willing to buy the company and pay its debts to US players.

As it turns out, however, things are not going so well for FTP after all, as yet another group of players have sued them. Steve Segal, Nick Hammer, Robin Hougdahl and Todd Terry have filed the lawsuit “on behalf of themselves and all other similarly situated,” i.e. those to whom FTP owes their money.

Arguably the best known name among the plaintiffs is Todd Terry’s, who has played several WSOP and WPT final tables and whose total live tournament winnings exceed $1.8 million. His group filed the class action complaint in the U.S. District Court South District of New York; in the 57 pages long document they demand returning US players their money with interests, in addition to suing the room and its leading investors for money laundering and bank fraud, among other things.

Todd Terry
Todd Terry

Defendants include a total of 9 companies and 15 individuals: Raymond Bitar, Nelson Burtnick, Howard Lederer, Phil Ivey, Chris Ferguson, John Juanda, Jennifer Harman-Traniello, Phil Gordon, Erick Lindgren, Erik Seidel, Andy Bloch, Mike Matusow, Gus Hansen, Allen Cunningham and Patrik Antonius. The list, however, remains open so that additional names and firms may be added later.

The single most important question right now is whether this new lawsuit will affect the ongoing negotiations with the European group of investors. The aim of the complaint cannot have been, however, to scare away the investors as it was filed almost exactly at the same time the Los Angeles Times published their article on the matter.

Stay tuned as we bring you news as events unfold.

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