Some of you may remember that former Full Tilt Poker pro Erick Lindgren supposedly owed the company approximately $2.5 million. That amount stemmed from a combination of loans given to him by the company and an accidental deposit of $2 million made into his account. When Full Tilt went under, many assumed that his debt would vanish as well.
Apparently not. Full Tilt’s new owners are suing the pro in federal court and looking to recover the debt plus damages. According to Courthouse News Service, Rational FT Enterprises (aka PokerStars) is looking to recover $531,807 in loans made by Full Tilt to Lindgren, as well as a $2 million accidental deposit.
Bankruptcy Filing Didn’t Save Lindgren
After the collapse of Full Tilt and the subsequent purchase of the company by PokerStars, the $2.5 million debt was transferred to PokerStars and they began collection processes in 2012. Lindgren then filed for bankruptcy; a move prompted after losing massive sums of money due to his gambling addiction.
According to the new filling, the bankruptcy court failed to discharge the PokerStars debt and they are now free to try and collect. It is unclear as to Lindgren’s current financial status. At one point, he was one of the most successful tournament players in the game with over $10 million in earnings. Lindgren had a solid 2013 with $1.3 million in winnings, but last year was an off year with only $153,000 in profit.
Are Other Lawsuits on the Horizon?
Back in 2012, it was revealed that several former Full Tilt pros owed the company money from loans. The amount equaled anywhere from $10 million to $20 million. Some pros named at the time included Barry Greenstein, Mike Matusow, Phil Ivey and David Benyamine. Greenstein was the only player to claim that he would repay the borrowed funds, which totaled $400,000.
If there are other pros with outstanding loans, it will be interesting to see whether PokerStars chooses to pursue those debts. The fact that Lindgren is the only one that has been reported on makes us wonder if they have settled other debts or if Lindgren’s is perhaps the largest remaining debt owed to them.