Gearbox CEO Randy Pitchford Accused of Contempt in New Court Filing

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  • Shawn Zipay
    Former Gearbox Lawyer Claims CEO Randy Pitchford Took Secret $12 Million Bonus in Lawsuit Gearbox Claims is 'Absurd'
    by Shawn Zipay

    Buckle up, everyone, because this is going to be a real doozy of a news post.

    There are two lawsuits recently filed between Gearbox CEO Randy Pitchford and the former general counsel for Gearbox. They're both suing each other, both claiming the other were in violation of their legal responsibilities to the company. The lawsuit against Pitchford from the former Gearbox lawyer Wade Callender says that Pitchford received a secret $12 million bonus from Take-Two Interactive.

    Callender's lawsuit, filed December 21, 2018, also says that Pitchford is in violation of some contracts that involve Gearbox and a "separate real estate company" that both of them owned. Gearbox says that these accusations are "absurd" in a brief statement released today by a Gearbox spokesperson. ...
    01-11-2019, 04:06 PM
  • Shawn Zipay
    Randy Pitchford Steps Down as President of Gearbox Software
    by Shawn Zipay
    And now, for his next trick...

    Gearbox Software announced that the company's co-founder, Randy Pitchford, will step down as president. Only, he's not leaving Gearbox. Pitchford will still serve as the CEO and president of Gearbox parent company, Gearbox Entertainment, and will shift his focus towards leading the company's newly formed Gearbox Studios.

    Taking his place as president of Gearbox Software will be the company's former chief technology officer Steve Jones. This...
    10-06-2021, 07:04 PM
  • Shawn Zipay
    Massive $900 Million Lawsuit against Valve is Given Greenlight in Britain
    by Shawn Zipay
    The next step in a lawsuit brought about in 2024.

    Valve is now facing a £656 million lawsuit in Britain. The lawsuit alleges that Valve prevents publishers from selling their games more cheaply or earlier on rival platforms.

    Valve had attempted to have the courts dismiss the lawsuit after it was first filed back in 2024. According to the BBC, Valve's push to have the lawsuit dismiss has failed as a judge has given the greenlight to say that the case against Valve may...
    01-27-2026, 07:31 PM
  • Shawn Zipay
    Embracer Sells Gearbox for $460 Million to Take-Two
    by Shawn Zipay
    Borderlands goes with Gearbox, Remnant stays with Embracer.

    Back in the far off time of 2021, Embracer Group purchased Gearbox Entertainment for $1.3 billion. On March 28, 2024, Embracer Group announced that they have sold off Gearbox Entertainment to Take-Two Interactive for $460 million. The acquisition by Take-Two is expected to be complete by the end of June.

    Not all of Gearbox Entertainment is going to Take-Two, however. Embracer is holding on to the San Francisco...
    03-28-2024, 03:37 PM
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