Quote:
Originally Posted by AngusThermopyle
PokerNews article by VerStandig
"Was the statement carefully worded to ensure I would not be signing my name to a falsity? Yes."
According to VerStandig - " And the court actually ruled in our favor – somewhat. For the first time in California history, we were allowed to proceed with a suit for gaming-centric losses; the one catch, though, is the recovery for most claims would be capped at the rake collected."
They could have continued the lawsuit, proceeding with discovery, deposed Postle and JFK, instead they settled what the rake would have been (40k? i hear?) and a daft statement.
After costs and fees the clients get $300-$400 a person? Was it worth it?
Stones basically gave back the rake for its crooked games to lawyers and 40 players and got away with it all.
Even IF Stones' employees were not involved, they still were massively negligent and seem to be negligent to this day with Justin still around running their social media and hyping up the settlement statement lol.
The time to investigate was during not while the games were going on but during the lawsuit. With the lawsuit they had free reign to subpoena and depose people. But Stones used the leverage of the capped damages and just paid peanuts- far less than it would have cost to defend the case in legal fees- likely Stones paid less than what it would have cost to defend even a few of its employees depositions.
Stones massive winner in all this.
0 depositions on the record. 0 discovery. 0 facts. They forced the settlement on the pleadings, meaning they got their way with just the allegations of the complaint and the law, before any facts came out in a public lawsuit.
Think about depositions- party's can attend depositions. The plaintiffs in this case could have sat in the room while Postle or JFK were grilled on their BS. But nope, Stones escaped.
California law doomed the case of course, but Stones settled for less than probably they pay a single employee in a wrongful termination settlement for an employee that deserved to be fired! In other words, I bet if they fired JFK and he sued them, he would get more than the total settlement for 60+ plaintiffs here.
Last edited by Outoftime44444; 09-20-2020 at 08:45 AM.