Former Gearbox employee provides proof Randy Pitchford diverted funds to personal company
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"Virtual Legality" is a continuing series discussing the law, rules, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business.
Randy Pitchford is not the 100% owner of Gearbox. The ownership structure is discussed in the document, and as of February, it’s 50% Pitchford and 50% Stephen Bahl, the CFO of the company who got the other $3m of the $15m recoupable bonus.
#Pitchford #Gearbox #VirtualLegality *** Discussed in this episode: "Former Gearbox employee provides proof Randy Pitchford diverted funds to personal company" GameDailyBiz – June 18, 2019 – Mike.
For PlayStation 4 on the PlayStation 4, a GameFAQs message board topic titled "Randy Pitchford is DONE!! Former Gearbox employee provides proof!!".
In 2018, former Gearbox lawyer Wade Callender filed a lawsuit against Pitchford alleging that Pitchford had misused company funds to pay for a home loan, tuition, and other personal expenses.
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Former Gearbox employee provides proof Randy Pitchford diverted funds to personal company New documents in the suit filed by Wade Callender, former Gearbox corporate counsel, against Randy Pitchford back up a claim that Pitchford diverted studio money to a personal company.
So the 15 million came from 2K to help gearbox finish developing borderlands 3. And the money is to be paid back after the game ships. pitchford reportedly had the money diverted to his own company instead, but here’s where I get completely confused. There’s an amendment to the bonus contract which authorizes that very thing.
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Former Gearbox corporate counsel Wade Callender has filed new documents in his lawsuit against ceo randy pitchford, alleging that they prove Pitchford diverted Gearbox funds to a personal account.
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