Trillion Limited -v- Boss Media Malta Limited and Boss Media AB

In their own words



I will let the press releases talk for themselves ....


POKERTRILLION.com successful in its application for a garnishee order against Boss Media bank accounts

April 14, 2008 Malta - Trillion Limited (POKERTRILLION.com).

The online poker site POKERTRILLION.com has announced that on Friday 11th April 2008 at the First Hall Civil Court, Malta (Court of Record and Complaint Number 532-08), they achieved a garnishee order (also known as a freezing order) on the bank accounts of Boss Holdings Limited and Boss Media Malta Poker Ltd. The garnishee order has been executed at all seven banks in Malta where the Boss Media companies hold bank accounts.

POKERTRILLION.com C.E.O Andy Pyrah comments; "As a small and new entrant to the market we are taking a zero tolerance approach to being mistreated by Boss Media".

The freezing order has been made in conjunction and relating to a �45million initial law suit being taken by POKERTRILLION.com against Boss Media and their online payment processer Webdollar for alleged fraudulent, and potential criminal activities by various personnel, and/or management of Boss Media or their associated companies in various jurisdictions, including but not restricted to, Sweden and Malta.

Pyrah continues to explain, "Owing to the massive irregularities surrounding Boss Media and their handling of POKERTRILLION.com this led to a number of contractual issues that in turn has led to us making some extremely exciting and important developments in the way in which we operate our business".

It is to be expected that if Boss Media follow the proper code of conduct then they will shortly make a full and complete disclosure to the Stockholm Stock Exchange which they are listed on, this invariably will have a catastrophic effect on their share price, and may even lead to the arrest by the authorities of certain members of their management team and the possible suspension of their shares. This in turn would mean that players not in the POKERTRILLION.com stable would find their funds that are held by other partners of Boss Media in serious jeopardy.

Andy Pyrah adds, "One thing is for sure, all players who hold an account with POKERTRILLION.com have an unconditional and unlimited guarantee on all funds they hold at POKERTRILLION.com".

Further information will be released as and when the courts give permission for POKERTRILLION.com to discuss such developments.

source: http://www.pokertrillion.com/media-centre/SuccessfulApplication.cfm



Boss Media assures player funds and no disruption in services

In relation to the statements made by Poker Trillion August 18 (Trillion Limited -v- Boss Media Malta Limited and Boss Media A, Boss Media has issued the following statement:

Poker Trillion’s recent comments are a reckless attempt to support a legal action that is without merit and initiated as retribution for their dismissal from the Boss Media network. To be clear, player funds are not affected by the current proceedings. All players’ funds are held separately under the control of the Malta Lotteries and Gaming Authority and cannot be seized by any court.

Poker Trillion is a former customer of Boss Media who was terminated because of rake back violations. They have since then repeatedly tried to disrupt the Boss Media business through the dissemination of groundless rumors. In April 2008 Poker Trillion alleged in a press release a claim that among other things, Boss Media player funds were frozen. The allegations were false but typical of the type of tactics employed by Poker Trillion.

While there has been no hearing on the merits of the Poker Trillion suit, there have been preliminary hearings on the matter. Boss Media has assured that adequate security is provided in Malta in the event of an award of damages against it which we believe to be unlikely.

Boss Media is currently exploring various legal options regarding our Maltese assets and can assure that Boss Media has the requisite assets in place to ensure that our business will continue to operate with the highest standards. In the extremely unlikely event that any Malta operations would be affected, Boss Media have high-performance back-up systems in place to ensure continued service to all our customers and their players.

source: Press Release dated 08-19-2008 
http://www.bossmedia.com/index.aspx 


POKERTRILLION.com Successful in its Application to Seize Boss Media Servers in Malta

Malta August 18, 2008 - The online poker site POKERTRILLION.com has announced that on 18th August 2008 at the First Hall Civil Court, Malta (Court record and Complaint Number 755-08), Judge Gino Camilleri issued a judgement authorising Trillion Ltd to enforce seizure of the Boss Media Malta Limited and Boss Media AB servers, and that these servers cease being used for any commercial activity as from 18th September 2008 with Boss Media not being allowed to appeal the court's decision any further.

This judgement, which relates to Trillion Limited's multi-million Euro law suit for breach of contract against Boss Media AB and their associated companies, comes off the back of a number of successful applications made to the courts in Malta by Trillion Ltd. POKERTRILLION.com C.E.O Andy Pyrah explains, "Today's decision will in effect bring down Boss Media's operation in their licensed jurisdiction of Malta on September 18, and any partner still on the Boss (IPN) Poker Network at this stage will see their service closed down too".

The judge further ordered that the cosignatory which is now responsible for the equipment also provides full accounts of the revenues being generated from this equipment.

Pyrah comments further, "It should also be noted that despite appeals from Boss Media, we've been successful in every one of our applications that we've filed with the courts in Malta and this includes having our initial garnishee order increased from €5million to €20million earlier this month, this in turn means that there is now a €20million freezing order on all Boss Media's assets within this jurisdiction, and in accordance with European law we will be applying for this to be executed all over Europe".

source:
http://www.pokertrillion.com/media-centre/SuccessfulApplication.cfm



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