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Leaked Term Sheet Reveals Details Regarding Stones/Kuraitis Settlement; Plaintiffs Paid $40,000

Last week, we reported on the lawsuit settlement between Stones Gambling Hall and 62 of 88 plaintiffs represented by Maurice “Mac” VerStandig. Those who settled were barred from discussing the settlement, so details were understandably scarce.

However, PokerNews has obtained a copy of the Settlement Term Sheet originally presented to the plaintiffs and ultimately signed off on by the majority of them as well as VerStandig, Mark C. Mao on behalf of Stones, and Richard Pachter on behalf of Justin Kuraitis.

According to the document, the plaintiffs received a settlement of $40,000, which worked out to $645.