Cliffs: The suit alleges that Bluefire was not paying Galfond what they were supposed to: 38.33% of profits. This is probably why he left the site.
"Apparently, Phil Galfond agreed a joint venture when the website launched in 2009, and was to receive up to 38.33% of its profits in return for releasing videos, blogs and being involved in the all the company’s major decisions. Subsequently, Galfond said he received from William F. Murphy $179,000 for his first year’s service, and over $238,000 the following year, but has yet to be paid for 2011. Galfond also claims he was never shown accounting records or tax returns to validate the sums he was given."
This is probably the only time I will have occasion to start an NVG thread so I hope it is newsworthy.