Jamie Gold Responds to $12 M WSOP Lawsuit

[maurile]

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People are really quick to jump on Jamie Gold without any real understanding of the facts. I don't have any real understanding of them either, but what I have read gives me no indication that Gold is trying to breach a deal.

My impression of this lawsuit is that Gold is not trying to deny Leyser his share, but is instead trying to structure the division in a way that will reduce their tax liability.

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Of course Gold is trying to breach. Not just trying -- he already has breached by refusing to instruct Harrah's within a reasonable amount of time to release Gold's half to Gold.

And there's no such thing as "structuring the division in a way that will reduce their tax liability." The structure is that Gold gets half and Leyser gets half. There shouldn't be anything more to it than that.

If Gold wants to take a few weeks to form a corporation or whatever -- which will not reduce his tax liability at all -- he is free to do so. It would be stupid, but hey, it's his money. But that doesn't give him the right to hold up the payment to Leyser.

Leyser owned half of Gold. Harrah's should pay Leyser his half. But Harrah's can't do that without either Gold's permission or a court order. So Leyser is getting a court order.