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P. 1
PokerStars Settlement Order

PokerStars Settlement Order

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Published by ANY2LDO
Settlement Order
Settlement Order

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Published by: ANY2LDO on Aug 01, 2012
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11/02/2012

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~,,[l~-SDNY
I.
I
DOCU~1ENT
ELECTRONICALLY FILED
UNITED STATES
DISTRI
COURT
DOC#:
____________
_
SOUTHERN
DISTRICT
OF
NEW
YORK
---x
DATEFILED:
-::t
-3\"-
\J..:
UNITED STATES
OF
AMERICA, 
Plaintiff,
STIPULATION
AND
ORDER
OF 
SETTLEMENT REGARDING -
v.
POKERSTARS POKERSTARS,
et
al.,
11
Civ.
2564
(LBS) 
Defendants;
ALL
RIGHT,
TITLE
AND
INTEREST
IN
THE
ASSETS
OF
POKERSTARS,
et
al
. , 
Defendants
in-rem. 
-----------
x 
WHEREAS,
on
or
about
il
14,
2011,
a
verified
compla
t,
11
Civ.
2564
(LBS)
(the
"Compla
til)
was
filed
under
seal
in
the
Uni
States
District
Court
for
the
Southern
District
of
New
York
see
ng
forfeiture
of,
among
other
thi
,
all
assets
ofPokerStars, the
Old
Group
Ltd.,
Rational Entertainment
Enterprises
.,
PYR
Software
.
,
Stelekram
.,
and
Sphene
International
Ltd.
(collectively
"PokerStars
Companies,"
their
assets
collectively
the"PokerStars
Defendant
rty")
pursuant
to
Ti
tIe
18,
Uni
States
Code,
Sect
s
1955(d),
981(a)
(1)
(A),
and 981(a)
(1)
(C)
(the
PokerStars
De
Property
together
with
the
other
in
rem
fendants
named
the
Complaint
collectively,
the
"Defendant
P
rty")
,
and
seeking
civil
money
1
ring
penalties
rsuant
to
Title
18,
United
States
Code,
Section
1956
against
the
PokerStars
Companies;
Case 1:11-cv-02564-LBS Document 241 Filed 07/31/12 Page 1 of 28
 
WHEREAS,
on
or
May
27,2011,
the
United
States
provided
notice
of
the
filing
of the
Complaint
to
PokerS
tars
Companies by
and
through
their
counsel,
David
M.
Zornow,
Esq.
of
Skadden, Arps,
Slate,
Meagher
&
om
LLP;
WHEREAS,
on
or
about
July
4,
2011,
PYR
Software
.
waived
service
ofthe
Compla
t
and
Summons;
WHEREAS,
on
or
July
5, 2011,
the
remaining
PokerStars
Companies
waived
service
of
the
Complaint
and
Summons;
WHEREAS,
on
or
about
September
21, 2011,
a
verified
amended
complaint (the
"Amended
Compl
nt")
was
fi
seeking
forfeiture
of,
inter alia,
the
Defendant
rty
and
see
ng
civil
money
laundering
lties
pursuant
to
Title
18,
United
States
Code,
Sect
1956
against
the
PokerStars
Companies;
WHEREAS,
nning
on
May
16,
2011,
and
thirty
consecutive
days
therea
r,
pursuant
to
Rule
G
(4)
(a)
of the
emental
Rules
Certain
Admiral
ty
and
Mari
t
Claims and
Asset
Forfeiture
Actions,
plaintiff
United
States
of
America
posted
notice
of
the
Verifi
Complaint
against
the defendants-in-rem
on
________________
-L
the
__
government
internet
site,
and
f
of
publication
was
fi
with
the
Clerk
of
the
Court
onNovember
22, 2011;
WHEREAS,
on
October
31, 2011,
the
Oldford
Group
Ltd.,
Rational
Entertainment
Ente
ises
Ltd.,
Sphene
International
Ltd.,
StelekramLtd,
and
PYR
Software
(collectively,
the
"PokerStars
Claimant
2 
Case 1:11-cv-02564-LBS Document 241 Filed 07/31/12 Page 2 of 28
 
s")
filed
ve
f
claims
forkerStars
Defendant
Property
and
certain
other of
Defendant
rty
(the
"PokerStars
Claim")
;WHEREAS,
PokerStars
Companies,
including
kerStars
Claimant
Companies,
admitting
no
wrongdoing
in
connect
herewith,
wish
to
resolve the
forfeiture
and
civil
money
laundering
claims
against
them
and
their
assets
and
to
acquire the
Forfeited
Full
Tilt
Assets(defined
below)
r
the
aggregate
amount
of
approximately
$731
million,
as
set
forth
in;
WHEREAS,
the
PokerStars
Companies
and
the
United
States
agree
that
the
set
tlement
and
forfei
ture
yment
of
approx
tely
$731
millionin
connection with
this
settlement
shall
be
paid
in
the
following
manner:
the
PokerStars
Companies
shall
(1)
feit
to the
United
States
a
sum
of
$547
mill
pursuant
to
the
schedule
set
forth in
Paragraph
3
of
this
Order,
and
(2)
within
ninety
(90)
days
of the
C
sing
Date
(defined
below)
make
available
for
wi
1
by
players,
without
any
limi
tation
other
than
as
required
by
applic
law,
all
ances
for
non-U.S.
players
of
Full
Tilt
Group
(
fined
in
Exhibit
A)
as
set
forth
in
Paragraph
6
of
this
Order,
in
anamount
believed to
total
approximately
$184
million;
WHEREAS,
victims
of
offenses
all
to
havebeen committed
by
certain
Full
Til
t
Group
enti
ties
in
the
Complaint
(or
related
offenses)
will
have
the
rtunity
to
file
itions
with
U.S.
Department
of
Justice,
Asset
Forfeiture
and
Money
Launder
Section
("DOJ"),
for
remission of
forfeiture,
including
with
reto
the
3 
Case 1:11-cv-02564-LBS Document 241 Filed 07/31/12 Page 3 of 28

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