Show Me the Money: Former Executive Sues Take Two for $50 Million
In a Nevada lawsuit filed last week against publisher Take-Two interactive, former executive Robert Alexander is suing the gaming giant for $50 million.
The lawsuit is the result of what Alexander claims is a breach of an oral contract. Alexander’s time with the company is long-standing, having been with T2 in some shape and form since 2004. After leaving the company, he formed another distributing company which began to partner with T2.
Unfortunately, T2 founder Ryan Brant’s faux pas with the Securities Exchange Commission dealt him a blow that saw him leaving the company, and eventually the next T2 CEO, Paul Eibeler nullified the verbal contract Brant had made with Alexander.
Ergo: he’s fucked.
Alexander claims in his complaint that Brant had promised him a raft of annual raises, T2 shares and stock options, a $240,000 annual salary and a $25,000 per-month expense allowance.
$25,000 a month on martini lunches and playing real-time Mario Kart at Pebble Beach – right. But then again, what reason would he have to lie? He’s only asking for $50 million dollars.
