At least three law firms are working on a proposed $80 million deal to sell troubled online gambling operator Full Tilt Poker, whose assets were seized by the Justice Department, to a French investment group.
The deal calls for a group led by French businessman Bernard Tapie to buy all of Full Tilt’s assets, said Cozen O’Connor litigation partner Barry Boss, who represents Full Tilt and its related entities. The bulk of those assets are in the form of cash seized from Full Tilt players’ bank accounts by the Justice Department and money in Full Tilt’s own accounts held back by various banks, said Boss, managing partner of Cozen’s office in Washington.
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