A group of poker players have filed a class action lawsuit on behalf of players who have still to receive their money from Full Tilt Poker. The lawsuit targets Chris Ferguson and Howard Lederer and is the second of its kind to be filed by the group.
Full Tilt Poker directors Chris "Jesus" Ferguson and Howard Lederer
have been hit with a class action lawsuit from four poker players
, who filed the suit on behalf of all players who still have money frozen in Full Tilt Poker accounts.
Filed in a Nevada court by the four players' attorney yesterday, the lawsuit alleges that Ferguson and Lederer "exercised unlawful dominion and control" over players' funds in Full Tilt Poker accounts.
According to Vegas Inc
, the lawsuit further claims that U.S. players have been wrongfully denied access to $150 million partly because of Lederer and Ferguson's management of the site.
Furthermore, Lederer is alleged to have received $42 million in distributions and profit sharing payments, while Ferguson received $85 million, some of which may have been paid out as loans from the company.
"Additionally, defendants approved distributions and loans to the other owners of Full Tilt Poker from funds directly traceable to the player accounts," the lawsuit states.
"The distributions and loans to Lederer, Ferguson and the other Full Tilt Poker owners were from intermingled funds containing money from the player accounts," it adds.
The players behind the lawsuit are Steve Segal, Nick Hammer, Robin Hougdahl and Todd Terry.
The four players are the same who filed another class-action lawsuit against Full Tilt last year, alleging racketeering, bank fraud, wire fraud and money laundering of player funds.
The lawsuit was filed in New York, but was later dismissed by a Federal judge who found that the court did not have jurisdiction to pursue the case against the Full Tilt Poker defendants.