Barry & Loewy LLP Files Multimillion-Dollar Lawsuit Against PokerTek, Inc. and Its Chief Executive Officer, Lou White.AUSTIN, Texas -- Barry & Loewy LLP LLP - Lower Layer Protocol today announced it has filed a multimillion-dollar lawsuit against PokerTek, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PTEK PTEK Parents and Teachers of Explosive Kids ) and its Chief Executive Officer, Lou White, for breach of contract and fraud. The suit was filed on behalf of TELLIS Software, Inc. ("TELLIS"), a Texas software development company. The suit alleges that PokerTek contracted with TELLIS in 2004 to develop the software to run its PokerPro[TM] electronic poker tables. In exchange for the software, the contract required that PokerTek compensate TELLIS by granting it equity in PokerTek, and providing monetary compensation. TELLIS fulfilled its contractual obligations and developed the software for PokerTek. However, once PokerTek received the software, the suit alleges it illegally breached its contract with TELLIS and refused to compensate the company for the software. "In our view, PokerTek took TELLIS' software without fully paying for it," stated attorney Adam Loewy, of Barry & Loewy LLP. "With this lawsuit, we hope that PokerTek finally compensates our client for the software, as they originally promised to do." The suit is seeking millions of dollars in actual and punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. . The suit is filed in the Galveston Division of the Southern District of Texas (case number: 3:07-cv-00072). If you would like to discuss this action or receive a copy of the lawsuit, please contact attorney Adam Loewy via email at aloewy@barryloewy.com or via telephone at 800-892-5044. Barry & Loewy LLP is a Texas-based trial law firm with offices in Austin, San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. and Houston. The firm is active in major litigations pending in federal and state courts throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Barry & Loewy website (http://www.barryloewy.com) has more information about the firm. |
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