As far as I understand it the next step is supposed to be the transmission of a complety inventory of FTP1 asset´s to the DOJ.

The next step is an ongoing attempt to reach a settlement agreement on the charges against FTP. This will involve, at least indirectly, negotiations on the criminal and civil charges against individuals as well as the civil charges against FTP.

Unless an inventory of assets was effectively covered by the domain name agreement, I wouldn't expect a handover of an inventory listing until a settlement is reached.

Just had a thought... I had valueable notes on 1000's of players on full tilt. When it re-opens will the software be exactly the same? In other words, will all the notes and colour codes that i had on the fish, maniacs and tags still be there? It took me 3 years to build up all the info i had.

First world problems ...

First world problems ...

I dont think he's disagreeing as much as he is noting that in the first world instead of wondering about where to find food or trying to fetch dirty water from the river without getting assaulted on the way there / back, we worry about our 1,000s of player notes.

If I recall correctly, player notes were saved on your computer in a .txt file in the FTP directory, I remember because when I bought a laptop I copied the file (or copied and pasted the contents of the file) to the same file from my desktop to my laptop. Hope this helps

Thanks for the help mycology. I know phatty was not disagreeing with me, but i posted the picture to show an example of what a first world problem is.
I'll check my .txt files. Good advice cheers.

C:\Program Files\Full Tilt Poker\yoursn.xml

they have stated several times that this part is OFF THE TABLE those charges will not be part of the deal. The ONLY charges to be dismissed will be those against FTP.

Its called a bluff. Surely one who has played poker before has heard of such a tactic, no?

If it is a "bluff" as you call it they'd be doing a tremendous disservice to all of those that were ripped off.

the DOJ does not have to "bluff" they hold ALL the cards!

FTP can turn over it and have the charges against FTP dismissed and maybe some get a little share of the new company

OR

they can have it taken away and get nothing

First, I didn't say the deal would include settlement of the charges against individuals. I said the negotiations would overlap. When you have the same opposing parties in multiple cases (e.g. DoJ criminal charges against Bitar, DoJ civil charges against Bitar, DoJ civil charges against a company of which Bitar is CEO) you'd have to be extremely naive to believe that the negotiations in one case do not affect the negotiations in the other cases, even though the written settlements of each case will not likely reference the other cases. The individuals facing charges will use whatever leverage they have in the negotiations of the corporate charges to get a reduction in their individual cases. If they face the maximum penalties in their individual cases, they have no incentive to cooperate in the corporate cases, and between them the 4 directors seem to have enough votes to block a 2/3 vote of shareholders. This interlocking of cases is why one shouldn't automatically expect a qucik settlement between the DoJ and FTP now that GBT has deals with both the DoJ and FTP.

Second, it is extremely unlikely that the negotiation of a settlement between FTP and the DoJ will lead to a dismissal of the charges. What is most likely is that the two parties will agree on a set of facts and on what punishment they will ask the court to apply.

AGAIN--they have NO leverage !! they can agree to give it up and MAYBE get something from GBT for being nice OR they can have it taken from them and get NOTHING!

The DOJ will give them those 2 choices and that will be the end of the "negotiations"

I don't really think the DOJ care wheher they get it given to them or they take it-It would be faster and easier for them if it was just given to them.And they already have a buyer rather than take it (which will take months) and then try and sell it once it's value has gone down even further!

and as for the vote last time I saw the distribution of shares I did not think they could block the vote (which from what i had read already took place)

Going to say to hell with this FTP mess for a few days. Play in my home game tonite and enjoy the holidays. Check back in a week or ten days and hope for some positive news at last. Good luck to all stiffed players USA and ROW!

Merry Chrstmas and good luck at the tables!

The 89 in your SN - that was the year you were born in, right?

So why is the DoJ negotiating if the other side has no leverage?

Just like in the Neteller and Party Poker cases, right?

Think about how the bolded sentence contradicts the first paragraph and the opening sentence of this paragraph. Then think again about what leverage the directors might actually have.

Do you care if the directors agree to give up the assets now rather than choosing to fight it in court every step of the way? Would you rather have your money back in late 2012 or late 2015?

What percentage of the shares did you think Bitar, Ferguson, Furst and Lederer had between them?

There has been no report of a shareholder vote on a settlement agreement with the DoJ.

who said they are 'negotiating"
all reports say the NEXT step is for FTP to turn over the assets--nowhere did it say for them to negotiate the turning over!!

the only thing they have to do is turn over the assets and get the paperwork done saying that the charges against FTP will be dismissed.

please show me where anywhere it states that they will now be negotiating between FTP and DOJ???

IANAL but it would seem to me that the civil cases against Lederer et al won't matter that much if most of their fortunes are hidden offshore. Only Bitar is risking jail time right?

It strikes me that a lot of posters are contradicting themselves;

1. "FTP owes me my roll. So Tapie better make good on account balances or else he's in for really bad karma / business / lawsuit (delete as applicable)."

2. "Tapie's company is totally seperate to old FTP. Therefore we shouldn't distrust them just coz the name is the same."

... so which is it?

(note: rhetorical... I am aware it isn't really one or the other)

It's possible there will be verbiage in the asset forfeiture agreement between Lederer and the DOJ that will provide for mandatory jail/prison time for Lederer if it's proven he hid any of his assets from the US Government to avoid forfeiture. I don't know this to be true but it seems highly likely.

Hi all, that´s supposed to be very good news for the US, isn´t it?

http://www.pocketfives.com/articles/...etting-587044/

Merry Christmas!

+1.

Any DoJ/FTP documents will be entirely based on the contents of the existing DoJ/GBT and GBT/FTP agreements - if the DoJ doesn't just use the standard 'forfeit your company to the DoJ.doc'

Neither the DoJ or FTP shareholders will want to confuse or prejudice matters with personal criminal charges being brought into play in a company matter.

The recent shareholder vote would have almost certainly included the vote on forfeiture of FTP back to DoJ - shareholders have known about DoJ forfeiture requirement for months and GBT won't waste time negotiating two agreements if FTP shareholders / directors would be adverse to forfeiture or start making demands against DoJ.

There are always negotiations (and on every topic). In a transaction this complex, and when the stakes involve large economic loss and loss of personal freedom, each side always has something the other wants; two easy examples come to mind: cooperation (when time is value) or maybe a voluntary affidavit of assets.

Agreed it was a complex transaction but no loss of personal freedom in the company forfeiture case.

GBT will have inserted a proviso into both the DoJ and FTP legal agreements that give a clear and short deadline for FTP to conclude the 'transfer of assets to DoJ (e.g. 2 months from the date of the GBT/FTP agreement). I don't think GBT are going to sit their with their $80m whilst the DoJ and FTP take 6 months to decide how much Bitar hands over....all these extra ROW licences cost money, some countries opting out and Pokerstars continues to increase it's dominance in the market.

DoJ and FTP better sign up before the offer gets reduced.