Full Tilt hit with Canadian lawsuit and resignation

Posted by Steve Ruddock on Aug 22, 2011 Posted in Poker Industry News | No Comments »

This past week Full Tilt Poker continued to make headlines for all the wrong reasons. The site that once controlled 25% of the online poker player pool has seen its reputation and standing in the poker world systematically dismantled since Black Friday, with the latest issues affecting the site being the resignation of their Chief Marketing Operator Lothar Rentschler, and the filing of another Class Action Lawsuit, this time in Canada.

Rentschler’s resignation was first reported by QuadJacks.com, and was later confirmed by PoekrNews.com, with both sites issuing portions of the E-Mail that was sent to a handful of industry heavyweights and Rentschler’s contacts in the poker world.

Rentshcler didn’t offer much in the way of a reason for his departure, but based on the theme of the E-Mail it seems that the site’s problems since Black Friday weighed heavily into his decision, at one point saying:

“I do apologize for the inconvenience the current circumstances at PKL have caused for you personally as well as for your respective companies. Our hands in Marketing were bound and at the end even every communication was stopped. Again, I can only apologize for this situation. The future will hopefully see a better, well organized structure and a return to business as usual. To see the brand FTP going down that way, hurts a lot.”

In addition to the loss of their CMO, Full Tilt Poker is now facing a second Class Action Lawsuit according EGaming Review Magazine. About six weeks ago American poker pro Todd Terry (who happens to be a lawyer) and several other poker players filed a $150 million lawsuit on behalf of Full Tilt players who have yet to receive their money from the site. Now a group of Canadian players has done the same; suing Pocket Kings ltd (and several subsidiary companies), and naming several principles as defendants: Howard Lederer, Ray Bitar, and Nelson Burtnick.

This is actually the third lawsuit Full Tilt Poker has faced since Black Friday, with the first suit –filed by Phil Ivey—having been withdrawn after rumors of the site’s possible sale heated up. But following the news that Full Tilt Poker’s license had been suspended by the Aldernay Gambling Control Commission (AGCC), what had been a US problem suddenly became a global problem, considering Full Tilt poker has been offline since June 29th, and hasn’t processed a withdrawal for any segment of its player pool in that time.

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