The LA times reports that Full Tilt has been sold to european investors which could lead to to a payback of US player funds. Also reported is the news that poker pro Phil Ivey will be dropping his lawsuit as he believes the company is taking the right steps to payback players. Many in the poker community are wondering is the article true?
The author of the story is the same author that wrote the article about poker player Chris Fargis joining a Wall Street Firm. It seems likely that he would have been contacted with this information due to this prior article.
The first portion of Full Tilt to be sold to European investors is vague. But, this is because the source of information, full tilt's attorney's, wish to remain anonymous. The later portion of the article quotes Phil Ivey's attorney and I find no signs of deception.
The early article vagueness is consistent with Full Tilt's attorney source and the later portion contains no signs of deception. My read is that Phil Ivey is withdrawing his suit making me extremely confident that he thinks Full Tilt is going to pay the players back. I trust the article because I would always trust a read that Phil Ivey makes.