Quote:
Originally Posted by Sect7G
tbh he has a case assuming Full Tilt agreed to pay for it should he have lost. (he hasn't confirmed this) but I expect that this was a stipulation.
I don't mind a company buyout and the new owners wanting to recoup losses as long as they're prepared to pay the expenses. Consistency is the important thing.
In the PStars agreement with the DOJ, PStars specifically did not acquire nor was to be responsible for ANY of the debts or liabilities the old FTP may have had, aside from the player monies due specifically to ROW players. Except for those player accounts every other thing acquired by PStars in the settlement were assets, not liabilities. The assets acquired by the agreement included the debts of very specific pro players, listed in a very specific excel spreadsheet, that had borrowed money from FTP.
Consequently, just like PStars, Amaya has no responsibility to pay any claim from any person or entity that may have been owed money by the old FTP or had / has a claim against the former FTP companies.
These loans/debts, which were technically accounts receivable due the old FTP, became assets (accounts receivable) of PStars and these assets / accounts receivable passed to Amaya when they purchased PStars. Amaya is now suing Lindgren to collect the money he borrowed from the old FTP, a debt they now own, just as banks and other creditors do every day.