MONTEL WILLIAMS SUED
11 December 2009
Online poker at the heart of commercial
dispute
Amercan talk show host and high profile newcomer to the
world of online poker, Montel Williams, is being sued
for breach of contract and other claims after an online
poker venture turned sour, reports WBBM780.com.
The report quotes from the Montel Media Group web site,
revealing that in April 2008 Williams created a solid
plan and an ingenious business model that he branded
International Team Poker League.
The plan hit a
snag last week when attorneys for Guardian Gaming Ltd.
filed a lawsuit in a U.S. District Court claiming breach
of contract by Williams and the league, along with
claims of intentional misrepresentation, fraud, unjust
enrichment and conversion.
According to the suit,
on July 30, 2008, Williams and the ITPL agreed in
writing to give Guardian a 25 percent stake in the
league in exchange for a $300 000 upfront investment, in
a deal that involved setting up and operating an
Internet gaming site.
But, Guardian's suit
alleges, Williams and ITPL found another company to
complete the tasks delegated to Guardian on more
attractive terms, and broke the contract with Guardian
on September 18, 2008. To date the Guardian investment
has not been repaid.
The five-count suit -
claiming breach of contract, intentional
misrepresentation, fraud, unjust enrichment and
conversion - seeks reimbursement of Guardian's
investment, punitive damages, prejudgment interest and
legal fees.
According to the suit, Williams is a
resident of Northern Illinois, while ITPL has its
headquarters in Mansfield, Texas.
Online Casino News Courtesy of
Infopowa
More news here.
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