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Take-Two Faces $50 Million Lawsuit

jmanalang
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Posted October 16, 2008 - By jmanalang

Robert Alexander, a former executive of Grand Theft Auto IV publisher Take-Two Interactive, filed a $50 million lawsuit against the company last week. The lawsuit was a result of an alleged oral employment contract breach between the publisher and Alexander.

The complex history behind the plaintiff's claims was detailed by GamesPolitics:

"In his suit Alexander claims that he has been in the game biz since he was 16. He says that he built up a distribution company called Jack of All Games which he sold to Take-Two in 1998. After closing that deal he spent some time as a member of the T2 Board of Directors, leaving in 1999.

In 2003 Alexander formed a new distribution company, Game Ballers, and began negotiating with Ryan Brant and other execs to partner with T2 and Jack of All Games. Although Alexander began working with T2, his deal was never finalized before legal troubles forced Brant to leave the company in March, 2004. When Eibeler assumed the CEO post later in the year, Alexander apparently fell out of favor and alleges that he was not paid what he was owed."

Earlier this month, Take-Two chose to remain as an independent company after several pursuits of acquisition from third-party publisher Electronic Arts and other potential bidders.

Source

Take-Two Faces $50 Million Lawsuit
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