Nick Marchington 2019 WSOP winnings and the lawsuit update

[Shells]

Nick Marchington will finally be able to collect the remaining 10 percent of his winnings from the 2019 world series of poker Main Event after a Las Vegas judge lifted the hold on that money.

Nick Marchington Can Collect Outstanding WSOP Main Event Winnings, Judge Rules

 

[LotharMcDowner]

From my understanding he backed out of the deal and took a better one, BEFORE he started playing. The backers were fine with it until he ran deep, only then did they try to leverage a few $$ outta him. Colin Hartley and David Yee are going to lose this case, and even if they win, no reasonable player will take their backing in the future. Lose/lose for them over $150k... bad business.

 

[ekgbeat]

I'm glad to see that a ruling has been made on this. I was wondering how it would turn out, but I thought that it would be in his favor.

 

[HobokenNJ]

Does anyone have links to the documents associated with the lawsuit? I'd like to read the complaint & response (and they should be available since they're public docs) -- but haven't able to find them.

EDIT:

This link has selections from the filings -- but not a link to them: http://www.flushdraw.net/news/poker...vent-seventh-place-finisher-nick-marchington/

 

[KUN_AGUERO_KROOS]

From my understanding he backed out of the deal and took a better one, BEFORE he started playing. The backers were fine with it until he ran deep, only then did they try to leverage a few $$ outta him. Colin Hartley and David Yee are going to lose this case, and even if they win, no reasonable player will take their backing in the future. Lose/lose for them over $150k... bad business.

backing out of a closed deal cause you got a better offer feels scummy to me.

A deal is a deal, and a real man should honor that.

 

[Poker_Mike]

backing out of a closed deal cause you got a better offer feels scummy to me.

A deal is a deal, and a real man should honor that.

I would generally agree with this.

Really it is for the player's sake that he honors contracts because in the future who would feel secure in investing in his action if he could just cancel the deal. Or begin to cancel the deal before the tournament and then "decide" if he wants to follow through with the original deal or not.

To be fair - I don't know what the details are and they will come out eventually.

Still - even if he is in the legal right - it looks bad from a business perspective.

I did not know that the Rio will withhold winnings if they are in dispute....interesting.

 

[DS3]

I do not think either party looked good in this.

Marchington appeared a flake, yet the backers had apparently signed off on the 'deal'. The problem as I understand it is they could not collect their 'refund' before the main event started (literally could not get organized to pick up the funds in LV) so therefore decided they could pursue the winnings.

That said Marchingtons Tweet/statement about them deliberately undermining his win/placement was painful-he got exposed for reneging on a deal when he had been (carefully) constructing an innocent/underdog image for himself at the main event. I was enamored of him for a while but once this bubbled up, he left a bad taste.