Online Poker Room Pokershare To Sue Excapsa
Published: Saturday, January 21, 2006 Online-Casinos.com
ONLINE POKER ROOM POKERSHARE TO SUE EXCAPSA
100 million Pound Sterling law suit filed against Excapsa
Online-Casinos.com readers may remember the brief but eventful life in the latter part of 2005 of a online poker room company called Pokershare, which had an innovative marketing approach of sharing its profits with its online poker players. Unfortunately, before these riches could be realised Pokershare and its network, Excapsa had a falling out and that has led to litigation.
The London Sunday Express reports that Pokershare seemingly did too well, attracting players in sufficiently large numbers to worry Excapsa and its Ultimatebet site.
Pokershare now alleges that Excapsa prejudiced its chances of success by barring U.S. poker players from Pokershare, and then removing network support which resulted in Pokershare failing in November.
PokerShare has now filed litigation against UltimateBet for an astonishing GBP 100 million, claiming that the action taken by Excapsa and UltimateBet, including the removal of rights to the software and technology previously agreed upon forced Pokershare to discontinue business activities.
Unless an agreed settlement is achieved out of court, the two sides could be airing their grievances and defence in the near future, the newspaper reports. A settlement may be the best way forward for Excapsa, which is reported to be seriously considering an IPO.
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