The legal battle between Texas-based developer Gearbox and its CEO Randy Pitchford (pictured) versus former legal counsel Wade Callender has come to an end.

As reported by BusinessInsider, earlier this week, the District Court of Dallas County has agreed to a motion for dismissal with prejudice, with both sides of the dispute having resolved their issues. Furthermore, the dismissal statement said that Pitchford has been exonerated of the allegations levelled against him.

"Upon review of all the evidence in the case, it was of the opinion of counsel that the evidence exonerated Randy Pitchford from the allegations against him," the statement read.

"All misunderstandings between the parties have been corrected, and apologies were exchanged. Because the parties are mutually bound by confidentiality, no additional statements will be forthcoming."

Said allegations against Pitchford were made in a countersuit filed by Callender against Gearbox and its CEO at the start of 2019 following Gearbox suing its old lawyer. Not only did the ex-legal counsel claim that Pitchford had funnelled off $12m in royalties to his own accounts, but also that the studio head left a USB containing not only corporate secrets of companies including Gearbox, 2K, Sega, Sony and Microsoft and his "personal collection of 'underage' pornography" in a restaurant.

The countersuit followed Gearbox suing Callender for allegedly breaching his fiduciary duty in addition to fraud.