More Full Tilt Drama: Company Sued, But Alderney May Reinstate License

It really is the summer of Team Full Tilt.

It’s been bad news, good news the past few days for Full Tilt Poker.

On the heels of news breaking that the company was potentially going to sell to Phi Ivey’s White KnightTM group, a class action lawsuit was filed against all of the Tilt shell companies (and owners, save Mike Matusow who was listed in the suit but isn’t actually an owner).

The suit, which was filed on June 30th in the U.S. District Court South District of New York, demands the return of the reported $150M in U.S. players’ funds and subsequent damages. The listed plaintiffs are Steve SegalNick HammerRobin Hougdahl, and Todd Terry.

Obviously, the suit was in the works before any potential Tilt sale came to light. If the White Knight deal does go through and U.S. players are paid back, we’d imagine it gets dropped rather quickly.

On the good side of the fence, the Alderney Gambling Control Commission (AGCC) released a statement that it is in discussions with “its licensees trading as Full Tilt Poker and a third party concerning the prospective refinancing of Full Tilt Poker.”

The statement raises hope that they will unsuspend Tilt’s license, which as we noted earlier in the week, is a must before any potential acquisition is consummated.

And just across the wire, Tilt’s French license was reportedly suspended today. Read here.

Read more about the class action lawsuit on Poker News here.

Read the AGCC statement here.

And weigh in if you think Phil Ivey will play the 2011 WSOP Main Event here.


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