Take-Two sued for US$ 50 million by former exec
Just as it looked like Take-Two finally got a chance to take a breather after all of their legal woes, here comes another lawsuit. This time, it’s from none other than a former exec of the company itself.
Just as it looked like Take-Two finally got a chance to take a breather after all of their legal woes, here comes another lawsuit. This time, it’s from none other than a former exec of the company itself.
According to GamePolitics, Robert Alexander, a former member of Take-Two’s Board of Directors, is suing the company for US$ 50 million for allegedly breaching an oral employment contract.
Alexander says that he and former Take-Two CEO Ryan Brant had been negotiating for Alexander’s distribution company, Game Ballers, to partner with Take-Two. Brant, however, left the company before it could be finalized. When Eibeler took over, Alexander was left with nothing but an oral agreement that never ended up on paper.
There are some pretty big numbers involved in this lawsuit. GamePolitics notes that according to Alexander, he was supposed to get “US$ 240,000 in annual salary with 20% annual raises, a US$ 25,000 monthly expense allowance, 50,000 shares of T2 stock plus options and US$ .50 per game handled by his distribution company.”
Wow. I guess his only problem right now lies in proving that he really was supposed to get all that cash. I’m no lawyer, and there are ways of enforcing oral agreements in court, but it looks like this’ll end up as a matter of one guy’s word against another.
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Via GamePolitics