Former Exec Sues Take-Two for $50 Million

October 15, 2008 -

A former executive of  Take-Two Interactive filed a $50 million lawsuit against the Grand Theft Auto publisher in a federal court in Nevada last week.

Robert Alexander alleges that Take-Two breached an oral employment contract when, in 2004, former Take-Two CEO Paul Eibeler terminated a distribution deal with Alexander and his company, Game Ballers. Eibeler had taken over the reigns of T2 when CEO and company founder Ryan Brant ran afoul of the Securities and Exchange Commission. Prior to being forced out, Brant and Alexander apparently enjoyed a cooperative working arrangement.

The complaint is an interesting read, and provides insight into what appears to be the very big bucks business of video game distribution.

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.

If Alexander's complaint is accurate, the numbers involved are staggering. The distributor claims that Brant agreed to pay him $240,000 in annual salary with 20% annual raises, a $25,000 monthly expense allowance, 50,000 shares of T2 stock plus options and $.50 per game handled by his distribution company.

We have a request in to Take-Two for comment.

UPDATE: Take-Two has declined to comment. In fairness, I should point out that Strauss Zelnick's current management team had no involvement with T2 during the time frame about which Alexander is  making his claim.


Comments

Re: Former Exec Sues Take-Two for $50 Million

I keep trying. But then the other personality starts spamming scads ascads of unused nuerons at me filled with spastic schizophrenic blabber.

THen it tries to move the dorsal ganglia but the nervous system vetoes it.

 

Re: Former Exec Sues Take-Two for $50 Million

Well, at least you're trying. Godspeed, man.

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.



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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: Former Exec Sues Take-Two for $50 Million

I sincerely apologize for my other personality's actions for the last 20 years. Now that the disbarrment has allowed one of the personalities to escape. I am here to declare civil war in Jack's brain.

Re: Former Exec Sues Take-Two for $50 Million

Now that you're in control, can you get Patricia and the kid out of there before the other you comes back?

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.



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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: Former Exec Sues Take-Two for $50 Million

HOLY CRAP!  Exclusive video of Strauss Zelnick addressing Take-Two shareholders:

http://www.youtube.com/watch?v=JaKkuJVy2YA 

ATTENTION, GAMER IDIOTS! HUGE STORY ABOUT TO BREAK REGARDING SAINTS ROW 2, COURTESY OF JACK THOMPSON, ATTORNEY. YOU’RE WELCOME, KIDS!

Re: Former Exec Sues Take-Two for $50 Million

Hey look, it is Jack Thompsons career:

 

 

 

 

 

 

 

 

 

Wait a second, he doesn't have one anymore, thats right.  If you ever what a respectable job/career for once Jack, I wouldn't be against employing you.  How do you feel about getting coffee and doughnuts for $30,000 a year and answering the phone?  Then we can do a series of YouTube videos which I will split 50/50 with you after cost.  I do have some rules though. 
---
No asking people if they are homosexual, or passing them pieces of paper asking it. 
No trying to grab attention on sites like this because you feel lonely, but we will have a therapist on staff specifically for you for any of your needs, may it be stress or resolving any other issues.
No making threats to anyone, may it be legal or not.
No going on TV or the radio to talk about anything unless it proteins to the company or a non-profit I approve of you talking about.
No more flooding a board with comments like you have done here.  If you do comment on a board like this, you MUST post worthwhile contributions that are not made to inflame anyone.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Re: Former Exec Sues Take-Two for $50 Million

Should have been Rick Astley

Re: Former Exec Sues Take-Two for $50 Million

Isn't tricking children into viewing a R-rated movie morally wrong?

Re: Former Exec Sues Take-Two for $50 Million

Heh Jack is a hypocrite and a liar remember. It was never about the kids, it was about furthering his status and career of "ambulence/massacre chaser" to "Civil and Mortal Rights CRUSADER!!! HOO-HA!"

 

Re: Former Exec Sues Take-Two for $50 Million

no less then selling M-rated games to kids

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: Former Exec Sues Take-Two for $50 Million

That's a good movie, Jack.

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"Thank you, Detective Spooner. You said someone, not something."- Sonny from I, Robot

----------------------------------------------------------------------------------------------------------------------------------- "Thank you, Detective Spooner. You said someone, not something."- Sonny from I, Robot

Re: Former Exec Sues Take-Two for $50 Million

And you say WE'RE the ones that need to stop acting like children?

You don't need to dumb down your speech to us, Mr. Thompson. The majority of people here have at least high school dimplomas. You, however, act like you've tossed everything you've learned at Vanderbilt out the window.

David "DavCube" Gagnon, Mature Human Being, and You're Not.

PS: Still waiting to see if you want to sue me for these 'libelous' comments i'm making...

Re: Former Exec Sues Take-Two for $50 Million

Jack, didn't Lawyer Regulation already inform you that you can no longer indicate that you are are an attorney (which makes some sense, considering that you're not)? 

Re: Former Exec Sues Take-Two for $50 Million

My god, you are totally gay for Zelnick...

The cynical side of videogames (spanish only): http://thelostlevel.blogspot.com/ My DeviantArt Page (aka DeviantCensorship): http://www.darkknightstrikes.deviantart.com/

Re: Former Exec Sues Take-Two for $50 Million

I think he's also gay for moleman

Sortableturnip's Law: As an online discussion of video game violence grows longer, the probability of a comparison involving Jack Thompson approaches 1

Re: Former Exec Sues Take-Two for $50 Million

No you're gay for Moloman

E. Zachary Knight
Oklahoma City Chapter of the ECA
MySpace Page: http://www.myspace.com/okceca
Facebook Page: http://www.facebook.com/profile.php?id=1325674091

Re: Former Exec Sues Take-Two for $50 Million

It's a good job I didn't buy shares in Jack Thompson, I'd have to pay people to take them off my hands at this stage ;)

Re: Former Exec Sues Take-Two for $50 Million

*sigh*

Jack please grow up. Act your age not your shoe size. Your nearly 60 for gods sake. Your a little immature dont you think?

 

Oh and i havent forgotten that you publically stated a few days ago that you have a huge suprise that will prevent your disbarrment in ... what was it.. 9 days?

Im still willing to put money on that utterly being BS as usual, just like all the other suprises you had up your sleeve that then mysteriously never appeared. Oh and im getting the 'i told you so, you were wrong YET AGAIN' speech ready to go. Perhaps you can learn something. Theres still time.

Re: Former Exec Sues Take-Two for $50 Million

I am getting fucking sick of you in general, GTFO Youtube you old vegetable.

When Life gives you lemons, you find a new god.

When Life gives you lemons, you find a new god.

Re: Former Exec Sues Take-Two for $50 Million

Laugh? I nearly started....

Re: Former Exec Sues Take-Two for $50 Million

Shut up. Honestly Jack, just stfu. We don't care what you have to say anymore becasue you lost.

Re: Former Exec Sues Take-Two for $50 Million

Dennis, when you go to law school and get something other than a Hal Halpin Puppet degree, let us know.  In the meantime, it doesn't matter whether Zelnick was there or not.  We all know he wasn't.  The point is that the potential liability attaches to the present company, regardless of who was there at the time.

Now Take-Two will have to list this potential liability on their SEC filings, which may further suppress the stock value.  Looks like Zelnick should have taken the EA offer. 

Take-Two stock went down another 13% today, to close at $12 per share.  Zelnick was offered $27 per share.  Nice going Strauss, baby.  Jack Thompson

 

ATTENTION, GAMER IDIOTS! HUGE STORY ABOUT TO BREAK REGARDING SAINTS ROW 2, COURTESY OF JACK THOMPSON, ATTORNEY. YOU’RE WELCOME, KIDS!

Re: Former Exec Sues Take-Two for $50 Million

I believe it was $26 not $27, but I could be wrong, AND T2 is actually worth $30/share in relation to what EA would get out of them.  T2 has been very durable during this economic crisis, while EA has been getting raped.

T2 down 27%
EA down 54%

So it was a very good choice for TTwo to not go with EA.  I am sure the investors are extatic that they didn't loose 54% of their investment because of a bad offer.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Re: Former Exec Sues Take-Two for $50 Million

Of course, there have also been other factors, like EA trying to rape their consumer base with SecuROM and then calling us ignorant pirates when we protest.

As far as I can recall, Take Two has done neither.

Re: Former Exec Sues Take-Two for $50 Million

 Jack...this is Jack. I hold you liable for toxic waste dumping without a license, unregulated short selling on sanity, and being a torture-simulation.

Waterboarding is nothing compared to fax spam. Nothing compared to T2 fixation. Thus this personality within your brain has contacted a process server, while you were sitting in a catatonic state drooling on the old press clippings from the 2 Live Crew case that you held so fiercely in your hand as past glories and slight relevance slurp away.

Oh Jackie....why did you listen to those voices in the front part of your head? You coulda been a contendah. But no..you had to fly over the cuckoo's nest. but she understands doesn't she? You think. Are you sure?

Re: Former Exec Sues Take-Two for $50 Million

First off, Dennis may not be a lawyer but in a scarce few days that is something that you will both have in common.

As far as to your insipid Youtube link, at least Zelnick doesn't chase massacres and molest grieving families for his own personal gain like yourself.  You sir are a vulture.

 

-Ultimately what will do in mankind is a person's fear of their own freedom-

Re: Former Exec Sues Take-Two for $50 Million

The point is that the potential liability attaches to the present company, regardless of who was there at the time.

sort of like Isaiah 14:21, which states "Prepare slaughter for his children for the iniquity of their fathers"? Well I don't buy into that crap.

Calling Zelnick 'baby'? That's more than a little gay.

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: Former Exec Sues Take-Two for $50 Million

The stock would have gone down whether EA bought T2 or not. EA isn't immune to a second Great Depression either, no matter how much you like to believe otherwise.

Re: Former Exec Sues Take-Two for $50 Million

Thank you for that explanation that would certainly have been really useful if anybody had been saying Zelnick or Take Two cannot be held liable, fucktard. Unfortunately, no one did so it wasn't. Learn to read and stop taking so much drug before posting, thanks.

Re: Former Exec Sues Take-Two for $50 Million

For an attorney who claims to have a very busy workday, you seem to be around here a lot

delete this post

made too many posts and only really needed one in the first place

Re: Former Exec Sues Take-Two for $50 Million

Good thing you sold your one stock.

 

So view any gay porn lately? Plan to submit any of it to the public docket?

Re: Former Exec Sues Take-Two for $50 Million

Gee, what a shame.  Looks like truth and justice are on the march everywhere.  As further proof, the below was sent to all Florida Bar Governors today prior to my informational blitz.  Fascists and gamers beware:


EZK: Do not spam our comments with your filings and letters. You have been warned before about this.

ATTENTION, GAMER IDIOTS! HUGE STORY ABOUT TO BREAK REGARDING SAINTS ROW 2, COURTESY OF JACK THOMPSON, ATTORNEY. YOU’RE WELCOME, KIDS!

Re: Former Exec Sues Take-Two for $50 Million

Learn the comment policy that you signed up here for, for God's sake. You're twice my age, so why don't you act like it?

Re: Former Exec Sues Take-Two for $50 Million

When is gonna be your divorce?

The cynical side of videogames (spanish only): http://thelostlevel.blogspot.com/ My DeviantArt Page (aka DeviantCensorship): http://www.darkknightstrikes.deviantart.com/

Re: Former Exec Sues Take-Two for $50 Million

Don't bring his family into this.

E. Zachary Knight
Oklahoma City Chapter of the ECA
MySpace Page: http://www.myspace.com/okceca
Facebook Page: http://www.facebook.com/profile.php?id=1325674091

Re: Former Exec Sues Take-Two for $50 Million

Yeah, even though it is very tempting, we don't want to go that route.  Stick with attacking his psychological state since we actually have pretty solid proof of OCD as well as many other problem.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Re: Former Exec Sues Take-Two for $50 Million

wow.. okay this is the second time in like 2 days you have posted your press release crap.

 

As before i will point out that a while back you claimed you've never broken posting rules here on GP despite having done this immature thread hijacking for years, ....  why cant you get it into your THICK head that your press releases ARE NOT ALLOWED HERE AND WILL BE DELETED!. 

 

Geez Jack. Get a brain.

Re: Former Exec Sues Take-Two for $50 Million

Rule Breaking check, Idiotic Press statement Check, Still same old JT Bullshit Check

Nothing to fear here people, this is a toothless mutt after all who should be PUT DOWN.

When Life gives you lemons, you find a new god.

When Life gives you lemons, you find a new god.

Re: Former Exec Sues Take-Two for $50 Million

 Jack-offs usual press release bullshit here.  When will you learn, you half-wit, that these things are always deleted?

Re: Former Exec Sues Take-Two for $50 Million

What's this got to do with Jack Thompson?  And you all said you never drove him over the edge...

--- Official Protector of Videoland!

--- Official Protector of Videoland!

Re: Former Exec Sues Take-Two for $50 Million

He was off the edge long before he even know what video games were.  All I have to say is, Janet Reno.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Re: Former Exec Sues Take-Two for $50 Million

Jack has been a sworn enemy of Take Two since he discovered Grand Theft Auto.

Any time a discussion comes up concerning Take Two, Rockstar, GTA, or crime involving video games, it's almost guaranteed that Jack will show up with something to say. And when he says it, he'll prove once again how incredibly dillusional he is, inciting numerous burnouts from the obviously-better-rooted-in-reality among us.

Which IS...pretty much everyone else on GP.

The only person who drove Jack Thompson over the edge is Jack Thompson, in his Captain Ahab quest to kill the white whale that is the video game industry.

Re: Former Exec Sues Take-Two for $50 Million

Hahah you guys are crazy sometimes.

But at the topic at hand right now.

O.o HUh?

 

_________________________ And the rain will kill us all... We throw ourselves against the walls.. but no one else can see.... the preservation of the martyr in me.... Psychosocial

Re: Former Exec Sues Take-Two for $50 Million



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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.



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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: Former Exec Sues Take-Two for $50 Million

...

E. Zachary Knight
Oklahoma City Chapter of the ECA
MySpace Page: http://www.myspace.com/okceca
Facebook Page: http://www.facebook.com/profile.php?id=1325674091

Re: Former Exec Sues Take-Two for $50 Million

I was unable to copypaste my FacePalm pic. I'm pissed now because of it.

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.



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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: Former Exec Sues Take-Two for $50 Million

This has no substance and smells of a attempted money grab. Then again we'll have to wait till the facts come in...

However since it is against Take Two...

Incoming old senile crackpot Florida Lawyer, with definate personality disorders, with their usual tirade against Take Two...

Re: Former Exec Sues Take-Two for $50 Million

First off, definite is spelled with an "i."  Secondly, The Bar found I have absolutely no personality disorders.  It's official.  When are you getting tested?

 

 

ATTENTION, GAMER IDIOTS! HUGE STORY ABOUT TO BREAK REGARDING SAINTS ROW 2, COURTESY OF JACK THOMPSON, ATTORNEY. YOU’RE WELCOME, KIDS!

Re: Former Exec Sues Take-Two for $50 Million

You do this and you don't think you have a personality disorder?

Sortableturnip's Law: As an online discussion of video game violence grows longer, the probability of a comparison involving Jack Thompson approaches 1
 
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