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#1
11-15-08, 04:32 PM
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Gowen Vs FTP
more legal advice desired. Clonie Gowen is sueing FTP for 1% of what she claims is a 4 billion dollar company. Lots of interesting info about FTP and the poker industry comes out if anyone get deposed in this case.
the thread. It is a NVG thread, so be warned. This from the above thread claims to have gotten the entire complaint from PACER and uploaded it megaupload, I have not downloaded it so I can not vouch for it. a teaser "Gowen v. Tiltware LLC, et al., Plaintiff: Cycalona Gowen Defendant: Full Tilt Poker, Tiltware LLC, Pocket Kings Ltd., Kolyma Corporation, A.V.V., Raymond J. Bitar, Howard Lederer, Andrew Bloch, Phillip Ivey, Christopher Ferguson, John Juanda, Phillip Gordon, Erick Lindgren, Erik Seidel, Jennifer Harman-Traniello, Michael Matusow, Allen Cunningham, Gus Hansen and Patrick Antonious Case Number: 2:2008cv01581 Filed: November 14, 2008 Court: Nevada District Court Office: Las Vegas Office [ Court Info ] County: Clark Presiding Judge: Judge Robert C. Jones Referring Judge: Magistrate Judge Robert J. Johnston Nature of Suit: Contract - Other Contract Cause: 28:1332 Diversity-Other Contract Jurisdiction: Diversity Jury Demanded By: Plaintiff Access additional case information on PACER" gogogogogogogogogogogo legal minds and bring back the nuggets of info. I am interested as hell to learn about the corporate structure and all that. |
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#2
11-15-08, 07:12 PM
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Well, her cause of action and the case itself is fairly straightforward. I was expecting something much more complex.
Essentially, at the inception of Full Tilt, she was approached with an offer to become a member of Team Full Tilt given her capacity as a poker pro. She would promote the brand, play in tournaments, be in commercials, etc etc, and in exchange she would receive a 1% interest in the company. (Realize, the "company" is a collection of companies under the "Full Tilt" brand.) Other pros (Phil Ivey, Gus Hansen, John Juanda, etc.) have the same agreement. Fast forward a few years. She hears from another pro that "distribution checks" (based on the 1% ownership interest) were being given out.  On multiple occasions. She thinks... where... are... my... checks? (It is alleged that she is the only pro who did not receive compensation.)Lederer offers her $250,000.00 in past compensation.  The company is worth an alleged $4,000,000,000.00.  She declines.  She continues to be a Full Tilt Pro, and eventually, Full Tilt eventually removes her as a pro.Her suit is based on breach of contract. A mediator will review the agreement. Discovery will be produced regarding Full Tilt's accounting, specifically, payments made to the pros. Her lawyers will say, "See, WTF, they didn't pay our client!!" The Full Tilt lawyers will point to an obscure clause in the agreement and argue that she somehow breached the agreement and therefore is not entitled to compensation. Sometime thereafter, the case will settle.
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#5
11-15-08, 08:29 PM
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On Dirty Sexy Money there'd be a death or two and at least one affair...
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#6
11-16-08, 12:21 AM
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Good stuff.
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