Federal Court Dismisses Former Take-Two Exec's $50 Million Lawsuit

February 10, 2009

In October GamePolitics broke the news that a former executive of Take-Two Interactive was suing the Grand Theft Auto publisher for $50 million.

The ex-T2 exec, Robert Alexander, claimed that former CEO Ryan 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 Alexander's distribution company.

That was, of course, before the Securities and Exchange Commission and the Manhattan District Attorney's Office busted Brant for fraud.

In a strange turn of events, Alexander failed to respond to T2's November 10th motion to dismiss the case. Nor did the Nevada resident exercise his option to respond to the federal court's dismissal order, filed on December 10th.

Given the lack of response from the plaintiff, the case was officially dismissed on January 23rd.

Comments

Re: Federal Court Dismisses Former Take-Two Exec's $50 Million

Submitted by HarmlessBunny on Tue, 02/10/2009 - 12:05.

Well I am not surprised.

"My ex-boss promised me that I would get paid like a king for doing jack-all, and all the benefits I could dream over. Yes, you are to trust my word over it. I am serious, quit laughing."

Well another one bites the dust...his case had no merit and he knew it. Maybe he was the mystery person that Jack said was his client that was a T2 insider way way back? XD

==============

James Fletcher, member of ECA Canada

 
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