Todd Terry Vs Full Tilt Poker, Round 2

A group of professional players, Steve Segal, Nick Hammer, Robin Hougdahl and Todd Terry, have launched a second law suit targeting Howard Lederer and Chris Ferguson. Their original suit launched against Full Tilt Poker after the events of Black Friday was dismissed in January when the judge declared the court did not have the jurisdiction to prosecute against the individual Full Tilt Defendants.

The lawsuit states that before and after Black Friday – nearly one year ago on April 15, 2011 – Lederer and Ferguson ”exercised unlawful dominion and control” over players’ funds in Full Tilt accounts.

“Additionally, defendants approved distributions and loans to the other owners of Full Tilt Poker from funds directly traceable to the player accounts,” the lawsuit says. ”The distributions and loans to Lederer, Ferguson and the other Full Tilt Poker owners were from intermingled funds containing monies from the player accounts.”

The lawsuit , filed in Las Vegas, focuses on the allegations by the US Department of Justice that Full Tilt Poker was ran as a Ponzi scheme and states that U.S. players have been wrongfully prevented from accessing $150 million in their Full Tilt accounts in part because of the actions of Lederer and Ferguson.

They claim Lederer received some $42 million in distributions and ”profit sharing” payments, some of which was loaned from Full Tilt and may or may not be outstanding; while Ferguson similarly received $85 million, some of which may have been in the form of loans.