mrpsycho

Yea I always thought that 343 should have taken that $500k from the GC and turned it into 4-5 different $100k 4v4 tournaments every couple months, where you didnt have to qualify, just paid for a team pass, but your team could earn free team passes for playing online.

Sorry I got them mixed up

What he said

If brad is considered the sole proprietor, even though there were other people who put money into AGL, then if AGL declares bankruptcy then so would brad. Because with sole proprietorships the owner and business are one. Obviously I dont know the structure of AGL to go into more detail.

Not exactly, if you settle the lawyers should only take out a commision on what you get back from the settlement

The first rule of law is: TO SETTLE

Fair enough, but until they declare bankruptcy you have to go with the facts that we have happened so far. And im pretty sure under chapter 7 their liquidated assets will go to all the people they owe money to that are known at the time, or if they do not have enough assets to cover all of their debts the assets will be spread evenly across to all creditors (the people who are owed money) that are known

False you can sue for fraud and on the basis of Promissory Estoppel In the law of contracts, the doctrine that provides that if a party changes his or her position substantially either by acting or forbearing from acting in reliance upon a gratuitous promise, then that party can enforce the promise although the essential elements of a contract are not present. Thus buying of a team pass is the contract (just as if you bought a product at a store), since ALL the players (not just the pros who are owed prizes, but also the players who boughts passes) reasonably relied on the tournaments happening (the promise of the opportunity to compete in order to win a prize) and the winners reasonably relied on getting paid they can sue to enforce the promise even if not stated in the contract.......LET ME BE CLEAR: ANY time something is sold, a contract is formed, and the contract does NOT have to be in writing or on paper if the value of the purchase does NOT exceed $500. This applies since the passes were priced under $500. This is coming from a guy who just got an A in his Contract law class The only thing im not quite sure of off the top of my head is if players can be refunded for travel costs...i know that if you bought a plane ticket or hotel and you are UNDER the age of 18 they (being the hotel or airline you purchased from) HAVE to refund you if you want it, in exchange for the ticket/room back. I want to say that all players could sue AGL for their travel costs under Promissory Estoppel since you changed you changed your position substantially by purchasing travel accommodations (changed position as in decided to go to the event from originally not going to anything) and by purchasing the travel accommodations on the reliance that the tournament was indeed going to happen. Just trying to help, anything else?