Legends Poker Houston has been hit with a blockbuster lawsuit that goes to the very ownership of the embattled poker room on Richmond Ave.
A group of ten plaintiffs have joined together to file a lawsuit against Legends Poker Room over improper treatment of their alleged nearly $1 million investment in the business, ownership recognition, payout of proceeds related to their investment and ownership.
In legalese, they’re citing breach of contract, breach of fiduciary duty, breach of covenant of good faith and fair dealing, fraud, fraudulent inducement to a contract, conspiracy, requesting damages and payment of their attorney’s fees.
To review, who exactly is Legends Poker Room? This lawsuit points to David La, Ho Jun Sin, Jie Wang, Mike Daniels, JJJ Vision LLC dba 52 Social. The group is referred to in the lawsuit as the “Defendant Company.” You can find details on this group throughout this website. We invite you to check out the depths of the issues that surround this ownership “cabal,” as we believe it should be referred to.
The ten plaintiffs allege — going back years to 2019, when JJJ Vision LLC dba 52 Social was formed to operate a poker club — they essentially have been cheated out of not only their investment money, but the proceeds they believe are rightfully owed to them. This group of plaintiffs, also known as the “California Group” say they invested $950,000 — nearly $1 million — in this business and that their investment and their ownership was never properly documented by the named group of defendants.
The plaintiffs allege that the Defendant Company earned monthly revenues of some $500,000. The plaintiffs allege that a substantial part of these monies was not distributed to them. The California Group also alleges that the “Defendants failed and refused to provide Plaintiffs and/or other owners with tax information and/or financial information indicating the amount of the money earned and explaining how the money was being spent. Additionally, cash would be collected and removed from the premises without any accounting to Plaintiffs and/or other owners.”
The above outlay of information related to this case, the group of owners known as the Defendant Company, and the plaintiffs known as the California Group, is essentially only the proverbial “10,000-foot view” of the case. There’s much more involved, which we will be detailing further in upcoming installments.
Please stay tuned for further developments.