Stone’s had previously stated that the settlement was for a “nominal” amount, and while that might be true when compared to the millions the original lawsuit sought, it’s actually close to, or even more, than the plaintiffs stood to win at trial.Īs previously reported, the original case was largely dismissed with permission to amend in order to pursue damages in the form of rake. Mao on behalf of Stones, and Richard Pachter on behalf of Justin Kuraitis.Īccording to the document, the plaintiffs received a settlement of $40,000, which worked out to $645.16 per player before attorney fees.
However, PokerNews has obtained a copy of the Settlement Term Sheet originally presented to the plaintiffs and ultimately signed off on by the majority of them as well as VerStandig, Mark C. Those who settled were barred from discussing the settlement, so details were understandably scarce. Last week, we reported on the lawsuit settlement between Stones Gambling Hall and 62 of 88 plaintiffs represented by Maurice “Mac” VerStandig.
