Absolute Poker Class Action Settlement
You may be a class member if you deposited funds with Absolute Poker and their last known Absolute Poker account balance is greater than $0.00.
It has been determined that the calculation formula to be used for the Petition for Remission process will be based on players’ last known account balance with Absolute Poker/Ultimate Bet (the “Account Balance”). Note that an alternative calculation methodology will be applied to players who have been designated as “Affiliates” of Absolute Poker/Ultimate Bet and to Professional Players. Account balances from online poker sites other than Absolute Poker/Ultimate Bet are not included in this remission process. Petitioners must also meet all other requirements outlined in 28 C.F.R. § 9.8 to be considered eligible for remission.
If the forfeited funds available for distribution equal or exceed the aggregate Account Balances for all eligible Petitioners, each eligible Petitioner with an approved claim will receive the entirety of his or her Account Balance or approved loss amount. If the aggregate Account Balances for all eligible Petitioners exceed the funds available for distribution, payments shall be made to eligible Petitioners on a pro rata basis.
Proof of Purchase
United States v. PokerStars, Full Tilt Poker, Absolute Poker, et al.,11 Civ. 2564 (LBS)District Court for the Southern District of New York
Based on a number of factors, including the interrelated nature of many payment processing channels utilized by Full Tilt Poker and Absolute Poker/Ultimate Bet, the Department of Justice concluded that Absolute Poker/Ultimate Bet’s failure to have adequate funds available for its clients to withdraw their funds upon request constitutes the same conduct for which the forfeiture of the available funds was ordered.