If you cannot afford Max Payne 3 , wait for a Steam sale. If you already own it, use the "Verify Integrity" tool. If you are trying to run a pirated copy that is broken, delete it and buy the game—the time you waste fighting with gsrld.dll is worth more than the $5 sale price.

Here is why:

file is a component of the GameShield licensing system used by Max Payne 3