Full Tilt Poker claims remission discussion - Page 21 - Poker Legislation

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Full Tilt Poker claims remission discussion

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11-24-2013 , 09:53 AM

#501

RollWave

Carpal \'Tunnel

Join Date: Nov 2007 Posts: 12,570

Quote:

Originally Posted by Didace

Where did you get this info from?

fulltiltpokerclaims.com

11-25-2013 , 12:40 PM

#502

jeffg576

journeyman

Join Date: Jun 2012 Posts: 295

If they anticipate payouts by March 2014. Do you get confirmation of accepted amount before then or you just receive a transfer around that time?

11-25-2013 , 03:33 PM

#503

drtayl0r

stranger

Join Date: Nov 2013 Posts: 12

I'm new to this site. perhaps this has already been discussed.. I didn't see it posted throughout the discussion.

There is only a certain amount of money that has been allocated to the player's claims. Should the amount of claims exceed the amount available, players will be payed as a per their calculated basis. My question is.. How can payouts be made to players with non-disputed balances without figuring out how much is owed to players with disputed balances and pros etc.. ? I believe payments would all have to be done together..

11-25-2013 , 04:28 PM

#504

RollWave

Carpal \'Tunnel

Join Date: Nov 2007 Posts: 12,570

in that case, yes they would, but that won't be the case

11-25-2013 , 06:39 PM

#505

l3umboy

stranger

Join Date: Jan 2011 Posts: 8

Ugh I didn't realize there was a deadline to submit my claim, but I did it today. Hopefully they accept it 9 days late

11-25-2013 , 10:30 PM

#506

wackjob

Carpal \'Tunnel

Join Date: Mar 2005 Posts: 6,303

Well, I was able to login and file my claim even though I missed the deadline. The auto-reply e-mail function accepted my claim, so I guess now I get to wait with the rest of you.

For anyone who has not filed yet, looks like you have time still.

11-26-2013 , 08:10 AM

#507

PokerXanadu

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 10,583

Quote:

Originally Posted by wackjob

Quite right, although remission for late filers is not guaranteed. See the last post in the Remissions Sticky .

11-26-2013 , 11:42 AM

#508

wackjob

Carpal \'Tunnel

Join Date: Mar 2005 Posts: 6,303

Quote:

Originally Posted by PokerXanadu

Quite right, although remission for late filers is not guaranteed. See the last post in the Remissions Sticky .

For a guy who had basically 0 hope after black Friday, there is some hope, even if only a little. Hope is a powerful drug!

11-26-2013 , 05:28 PM

#509

drtayl0r

stranger

Join Date: Nov 2013 Posts: 12

Quote:

Originally Posted by RollWave

in that case, yes they would, but that won't be the case

Why?

11-26-2013 , 06:53 PM

#510

RollWave

Carpal \'Tunnel

Join Date: Nov 2007 Posts: 12,570

Quote:

Originally Posted by drtayl0r

Why?

because the amount of money in the payout pool significantly exceeds the balances owed to players and theres a ton of players not filing for anything.

11-26-2013 , 08:40 PM

#511

Rich Muny

Former PPA President

Join Date: Apr 2005 Posts: 28,010

Quote:

Originally Posted by drtayl0r

That would typically be the case. However, as the available funds exceed expected claims, we don't have that issue. And, as the bar date has passed, DoJ/GCG can now review any petitions that would cause claims to exceed the funds available (for example, if someone submitted a frivolous billion dollar petition). This will allow them to process undisputed petitions in parallel with the process of reviewing disputed ones.

11-26-2013 , 08:57 PM

#512

blackize5

old hand

Join Date: Sep 2012 Posts: 1,358

Quote:

Originally Posted by RollWave

because the amount of money in the payout pool significantly exceeds the balances owed to players and theres a ton of players not filing for anything.

Based on this post and your previous post it seems like you are basing this on the fact that ftp sent 1.4 million emails and only 30k had filed.

This ignores the fact that an email was sent to everyone who has had a real money account, not everyone who had a balance as of black Friday. While surely there will be many people who don't file I believe this number is overstated here

Sent from my SAMSUNG-SGH-I747 using 2+2 Forums

11-26-2013 , 10:46 PM

#513

RollWave

Carpal \'Tunnel

Join Date: Nov 2007 Posts: 12,570

Quote:

Originally Posted by blackize5

Based on this post and your previous post it seems like you are basing this on the fact that ftp sent 1.4 million emails and only 30k had filed.

my posts are not based on that

11-28-2013 , 05:50 PM

#514

imallin07

journeyman

Join Date: Sep 2010 Posts: 353

Quote:

Originally Posted by wackjob

So uh, looks like I missed the deadline to file my ****. Anyone else in a similar boat? Has there been an extension to file?

yes i am, have you heard anything. I have never recieved any notification about this

12-01-2013 , 04:25 PM

#515

highland

old hand

Join Date: Sep 2004 Posts: 1,558

Quote:

Originally Posted by TheEngineer

This will allow them to process undisputed petitions in parallel with the process of reviewing disputed ones.

Did you get some indication that they will be doing these 2 things in parallel?

The text on the claims site:

"We are in the process of reviewing Petitions filed by Petitioners who confirmed their balances online and who have not disputed their FTP Account Balance or submitted multiple Petitions. We expect payments to be made with respect to such Petitions with confirmed balances by March 31, 2014."

doesn't exactly say they definitely aren't looking at disputed claims yet, but I kind of get that impression from this wording.

12-02-2013 , 04:43 AM

#516

Rich Muny

Former PPA President

Join Date: Apr 2005 Posts: 28,010

^^^^ They'll have to know there's enough for everyone before sending out checks for the undisputed claims. That should at least mean ruling out the frivolous ones that would cause claims to exceed the pool.

12-02-2013 , 02:16 PM

#517

Kowalski

Pooh-Bah

Join Date: Jul 2005 Posts: 5,338

So you're saying those who disputed can expect their payments around the same time as those who did not dispute their balance?

12-02-2013 , 03:02 PM

#518

RollWave

Carpal \'Tunnel

Join Date: Nov 2007 Posts: 12,570

Quote:

Originally Posted by Kowalski

So you're saying those who disputed can expect their payments around the same time as those who did not dispute their balance?

no, that's not what he's saying.

12-02-2013 , 04:03 PM

#519

Rich Muny

Former PPA President

Join Date: Apr 2005 Posts: 28,010

Quote:

Originally Posted by Kowalski

So you're saying those who disputed can expect their payments around the same time as those who did not dispute their balance?

Not at all, sorry to say.

12-02-2013 , 10:39 PM

#520

Kowalski

Pooh-Bah

Join Date: Jul 2005 Posts: 5,338

Wishful thinking, I guess. It would be too much to ask that those who disputed receive the balance GCG provided for them on time, and then be made whole whenever the dispute is completed (For which we haven't even the slightest resemblance of an ETA), I suppose.

12-06-2013 , 10:32 PM

#521

ddlloo12

grinder

Join Date: Jan 2009 Posts: 535

Any timeframe of when non-disputed balances would be paid?

12-06-2013 , 10:43 PM

#522

ScreaminAsian

For President

Join Date: Oct 2008 Posts: 33,333

Quote:

Originally Posted by ddlloo12

Any timeframe of when non-disputed balances would be paid?

there's really no way of knowing

12-11-2013 , 08:40 AM

#523

Klever187

veteran

Join Date: Nov 2008 Posts: 2,003

Anyone get paid yet? or is there a thread for that?

Also,

Quote:

Originally Posted by jmaddox55

That's a good idea...throw a temper tantrum. You can complain all you want, but the DOJ is the reason we're getting any money returned in the first place. I think it is funny that people complain about the DOJ on here. The real criminals were those that worked for Full Tilt. If they kept funds separated like they were supposed to (i.e., Pokerstars), then we wouldn't have had this issue in the first place.

The problem with ignorant posts like this is you have no idea about the complexities of this case. Like it or not, the DOJ has to do their due diligence to prevent fraud. Looking back at other class action cases, this actually resolved fairly quickly.

They're the reason all this **** is happening in the first place. I was getting my money just fine either way. They didn't have to shut everything down so abruptly

Last edited by Klever187; 12-11-2013 at 08:46 AM.