Full Tilt fired back at Ivey less than one day after he filed the suit.
"Contrary to his sanctimonious public statements, Phil Ivey's meritless lawsuit is about helping just one player – himself," Full Tilt said in statement on according to CardPlayer.com. "In an effort to further enrich himself at the expense of others, Mr. Ivey appears to have timed his lawsuit to thwart pending deals with several parties that would put money back in players' pockets."
"In fact, Mr. Ivey has been invited — and has declined — to take actions that could assist the company in these efforts, including paying back a large sum of money he owes the site," Full Tilt said.
Full Tilt Poker did not return requests for additional comments.
Other top poker players have criticized and praised Ivey's suit.
"I admire that he's willing to give up something like the WSOP, that I know is so important to him, for what he thinks is principally right," Daniel Negreanu, a Canadian professional poker player with four WSOP bracelets, said according to Pokerlistings.com.
But Andrew Robl, a high-stakes poker player who is competing to earn his first bracelet in this year's tournament, wrote in a blog post that Ivey's suit was "self-serving."
"Phil Ivey is one of the primary equity holders of Full Tilt and has profited off their business more than almost anyone," Robl wrote. "If he really cared about the players he would pledge to return every cent of the MILLIONS of dollars he's made from Full Tilt to the players as Tom Dwan (who is not a owner) has done."
Tom Dwan is a member of Team Full Tilt, along with Ivey. Dwan said he would use his earnings from Full Tilt to distribute money to other players if the company did not return their money, according to Poker News Daily.