Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
May 26, 2019
arrowPress Releases








If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Report: Distribution Exec Sues Take-Two For $50 Million

Report: Distribution Exec Sues Take-Two For $50 Million

October 15, 2008 | By Leigh Alexander

October 15, 2008 | By Leigh Alexander
Comments
    4 comments
More: Console/PC



Former Take-Two board member Robert Alexander is suing the publisher for $50 million, claiming breach of contract related to a deal between his distribution company, Game Ballers, and Take-Two.

According to court documents discovered by website GamePolitics, Alexander forged an oral contract in 2003 between Game Ballers and embattled Take-Two founder and former CEO Ryan Brant.

Specifically, Alexander says Take-Two's contract with Game Ballers entitles him to a $240,000 salary -- with 20 percent raises each year -- a monthly expense allowance of $25,000, 50,000 shares of Take-Two stock plus options, and fifty cents per game his company distributes.

The complaint alleges that Alexander's contract was breached when Paul Eibeler replaced Brant as CEO after Brant's forced resignation amid SEC scandals.

In the suit filed in Nevada federal court, Alexander claims to have founded Jack of All Games, the distribution business that Take-Two acquired in 1998, and to have been on Take-Two's board of directors until 1999. He reportedly formed Game Ballers in 2003, and soon after began negotiating distribution partnerships with Brant -- which weren't finalized before Eibeler took over.


Related Jobs

Dream Harvest
Dream Harvest — Brighton, England, United Kingdom
[05.25.19]

Technical Game Designer
Insomniac Games
Insomniac Games — Burbank, California, United States
[05.24.19]

Director, Art Management
Disbelief
Disbelief — Chicago, Illinois, United States
[05.24.19]

Senior Programmer, Chicago
Disbelief
Disbelief — Chicago, Illinois, United States
[05.24.19]

Junior Programmer, Chicago









Loading Comments

loader image