The real rejoicing will if we find out we're getting 100% balances in a year or less.

And they probably get paid six figures as well.

Rather then that, some people will get close to 1.00 on the dollar, while other people will get totally ****ed. People who cashed out checks on/close to black friday and didn't receive them, or had them bounce, I think will be in for a bad time. People who are holding their breath for points/iron man compensation are very likely in for a rude awakening. Those who kept bad records of their deposits/withdrawals will likely get the shaft - I'd be shocked if part of this remissions process didn't put the onus on the person making a claim to come up with the deposit slips and such, even though it should be totally unnecessary given that they have the "balances". Anyone involved in staking/being staked or with a medium-large number of transfers can be reasonably assured that they will face a hassle. If you can imagine a possible hurdle, more likely then not they will include it.

^^ Must be nice to just make stuff up.

Joeyrulesall, this is what you were like before PS bought FTP. You've come a long way. +1 for not being Frenbar.

I just hope they get this done before Nintendo sues them.

As regard to people who made withdraws right before black friday, they are ****ed. When ftp reopened, they didnt pay some of those back to non USA because they didnt have records of it anymore because a 3rd party was in charge of the payment and ftp have no rec of the 3rd party havent made payment because they are no longer in business or associated with them.

This remission process, it will most likely be the same.

i actually did some business with this company about 4 yrs ago for 2+ years and still have some contracts in place...they always paid their invoices promptly and had/have a relatively big operation....for what that's worth.

I wonder how it's going to be for my fiancee, and people like her, who made one deposit and the bulk of the money comes from winnings and things like the Take2 promotions.

Is the link for signing up to get notifications when further details become available functioning yet? Pretty stupid of someone from Garden City, or whoever, to put up a link to sign up for email notifications and you click on it only to get a message saying coming soon.

This is seriously the most beautiful .gif in the world.

You are not looking hard enough!

From November 2011 Post #3178 in the "Will FTP...." thread

There will not be any remission fee for you to pay. The DOJ will take the costs of remissions directly out of the total of the money available for remission....

Considering the above, I believe the DOJ will eventually make enough money available to cover all costs and to pay out 100% balances (whatever that term may ultimately be determined to mean. I'm not weighing in on that cluster).......

In looking at previous contract awards and in the RFP I reference above, it looks the cost per claim to the government is anywhere from $55 to $100 per claim....

is deposits vs balances still a serious question that needs to be asked? unbelievable if so. I can't believe i still have to sweat this

Months/years from now when all is said and done, one of us can look back and laugh at the other guy for being a fool.

Here's a bunch of notices for prior cases. Looks like these guys have done a **** ton of these payments for settlements. Lots of the cases are old like 2002 & 1999 etc.
http://www.gcginc.com/pages/case_archive_search.php

http://www.gcginc.com/cases/pdf/ASL/ASLNotice.pdf
http://www.ayerssettlement.com/
Maybe follows a similar pattern?
http://www.gcginc.com/cases/pdf/CMSS/CMSNotice.pdf
Maybe depends heavily on which state? IANAL

I wonder how/if the settlement/forfeiture made by FTP differs from the bankruptcy/class action suits that they normally service.

Registration link is now active.

Hasn't the settlement already been approved? So we don't really need to have to wait for the courts from here on out right? IDK.

And we already know that we will be able to apply online for remission, so I would hope it would go faster than mailing off w/e they require.

Said link:

https://cert.tgcginc.com/pkr/request.php

My biggest fear has long been that part of the settlement criteria is going to be what state you were playing from, and that if you were playing from one of the six or seven states with an explicit internet prohibition you will not be eligible for the settlement. Hopefully, this will not be the case as I was playing from Louisiana back in 2010 and 2011, but if they are going to all the trouble to administer the claims themselves, there has to be some criteria that they want to impose that they know Poker Stars wouldn't have imposed, and I fear that this is one of the most logical outcomes.

So this is not a necessary step but simply a step to take to receive future notifications?

Or is this the first step towards Remission? If so should I be looking at using the same email, same address that my FTP account was tied to, or anything of that sort?

they use the word 'eligible' an awful lot, which means there must be 'ineligible' victims out there. I suspect your biggest fear is going to be one of the harsh realities that come out of all of this.

I know there is one in worthington which is adjacent to dublin.

I highly doubt it. I'm not a lawyer but this is a victims remission case. Whether you were breaking other laws or not, you are a victim if they stole money from you. Why should it matter how they got the money? If you made the money by being paid an under the table salary and then used that to play on ftp do you think they'd not pay that out either? Also most state laws are based on playing from there, not prohibiting people that reside there from playing. To even prove you violated a state law they'd have to prove that your play was actually from that state.

Most of them look like there is a ~5 month approval process for the 'settlement.' Not sure if that is the case here.

Ineligible victims of FTP could be vendors, suppliers, other companies they had contracts with etc..