Anne Madonia, is counsel for Full Tilt Poker. Recently, she gave an interview to PokerNews on Full Tilt Poker, PokerStars and the Department of Justice U.S. agreement.
This agreement was formalized when PokerStars paid $ 225 million to the benefit of the US Government for reimbursement of US players.
Remember that the USA players will have to apply to the DOJ to find their funds estimated at $ 150 million.
This transfer of funds was orchestrated by lawyers Barry Boss and Anne tempted Madonia O'Connor, the law firm representing FTP during the negotiations.
In this regard, one of the lawyers of the firm had stated: "we have worked incredibly hard these past 15 months to find an agreement that would accomplish the main objective of Full Tilt Poker: allow all clients to receive compensation".I am pleased that we have managed to achieve this goal."
In the interview granted by Anne Madonia, we learn many things. The $ 322 million PokerStars owes to the Government of the United States will be refunded in 3 payments. A payment of 125 million will be made before 1 year. A second payment will be made until the second year (100 million) and the rest of the money will be given in the third year.
The negotiations have duration 3 months, from late April to late July.
Ray Bitar, Chris Ferguson and Howard Lederer were consulted during the negotiations because they are executives of Tiltware. The transaction was due to be submitted to the three men for approval.
"In this regard, counsel commented:" they [Ferguson, Bitar, Lederer] are executives of Tiltware, so obviously they are involved. Howard and Ray played a different role of Chris Ferguson, because they are directors of Tiltware in a hierarchy within a very complex society structure, but in the end the transaction was submitted to Chris, Howard and Ray for approval. Howard as leader of Tiltware participated actively in the negotiations. Ray in as long as CEO in Dublin in charge of Pocket Kings has also been actively involved throughout the process. "To be clear, we have more access Ray and Howard in this process to ensure that this agreement sees the day."
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