- Quickdraw McLaw
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- A WSOP player who won $1.525 million is subject to a TRO after being sued by his backers represented by “hotshot Las Vegas law firm Chesnoff & Schonfeld.” [Casino.org]
- Will a story about a little known Las Vegas mob lawyer called “Goodman: An American Musical” make it to Broadway? [RJ]
- Def Con draws election officials to Las Vegas to combat election hacking. [Las Vegas Sun]
Hartley and Yee are learning the old maxim "never work without a net" and learning it the hard way. It's quaint how many people think that they exist in some "old school handshake" environment. I suspect they find some sort of cinematic or televisual romanticism to it, especially in the glitter and neon of Las Vegas. Perhaps they feel like Tony Soprano shaking hands on a deal. Welcome to the real world. They will now discover an oral agreement is worth the paper it's printed on. Not an impossible task for Messrs. Chesnoff & Schonfeld, but I suspect their clients won't buy another stake anytime too soon without a written agreement.
Unless they meet Tony of course. 🙂
Huh?.. a written contract is often found not to be worth the paper it is written on. The better maxim is to recognize that every agreement, oral or written, involves risk and depends on the integrity of the other party.
I agree with you 11:29. I get every deal in writing; however I try not to do any deals with people whose handshake is not good enough to do the deal.
This is like a bad fact pattern in a contracts final. Oral agreement for the backing, but it was confirmed with a text message indicating the agreement was made, then a second text message before he entered the Main Event or the other $5,000 tournament that he was cancelling all action in all tournaments, a third text sent showing he was playing the $5,000 tournament with their action, and a fourth sent the day he started the Main that he's playing but not with their backing and saying he'll get back to you about the refund. But that's not all, the backers then communicated with him about how to go about sending the refund.
It's unclear to me whether he sent the last text before or after he entered the Main Event, but regardless, it sure seems like the backers accepted his cancellation by sending someone to pick up the cash. Also interesting the player admits it was bad form/unethical to back out of the deal.
Any recent bar-takers want to give a play by play to show the world your anonymous contracts chops?
Oral agreement for services, taking it out of the UCC. Specificity -a cut of the winnings. Price term stated. Acceptance of terms by offeror's acceptance of consideration (the payment of money). At this point the contract is formed, and offeree has fully performed. Getting a subsequent better offer is not a basis for recession. No coercion, mutual mistake or other defense. Possible Public policy argument – illegal purpose, unlicensed gambling on the outcome of a licensed gambling event (ironic in NV).
– and I am not a recent bar taker
Goodman Musical
More interesting is the coming unprecedented musical chairs game of judicial elections in 2020. Will JP Goodman use his family's name recognition and run for a District Court seat?
Goodman is far too lazy to run for a seat that might actually require him to work. He is content with his $150k(ish) a year and his trust fund. Decent JP but I have never seen his "ambitious" side, because it doesn't exist. Unlike both of his older brothers. Eric just doesn't care.
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