Suspect this is correlation not causation and believe me there are a lot of people that have posted here that don't understand that. Took me a few years to figure that out for myself so I am not calling people out just trying to save them from wasted time and effort.
Correlation: you have a problem and you have this error message on your PC.
Causautation: you have this problem and this error message always occurs at exactly the same time as the problem occurs and the GUID value is related to the device affected in the registry.
Many people have wasted a lot of time on the correlation myth. There is a famous quote about it that makes it clear. "Almost 100% of killers ate bread in the week before their kills. Therefore bread causes murder."
What I am trying to point out is that Microsoft's OS is a buggy as heck mess on a good day. On a perfectly working Windows PC go to the Event Viewer and find hundreds of errors and warnings even when there are no obvious problems. The Event Viewer is always filled with this sort of "Noise" and the trick in using it is finding the "Signal" inside it. Given that how do you find out which if any of the errors relates to your problem?
Check for this error message occuring at the exact same time as the problem. If it does match the time then search your registry for the containers GUID '{E7FD4ACE-EE13-11E2-AFDA-000C291BBC07}'.
WARNING: DO NOT EDIT YOUR REGISTRY. The registry is a dangerous place and if it were on an ancient map would be marked "Here be Dragons!. Enter at your peril" Look but do not touch.
If the GUID for that container does mention your Razer or the USB Controller on your Motheboard (you may have to follow several linked values and keys in the Registry to find what it does relate to) then you have causation.
My best advice is not to waste your time on this (and it can take time) first, do this last.
KISS is always your friend. Keep It Simple, Stupid!
First remove variables and test again.
Try other games. If it still occurs you ruled the out the game.
Next remove any USB hubs and plug your controller direct to a USB port on the PC and try again. If it still happens that rules out hub problems.
Check carefully for damaged cables / plugs and USB sockets on the PC. I have seen this many times.
If it still happens update your drivers to the latest version from the Manufacturers website (Motherboard if its a home build) to latest chipset inf and/or USB drivers.
Then and only then is it worth diving into event viewer and registry to gather the necessary information then hitting the web with the full info in hand to help identify the root cause.
Be warned, sometimes the problem is inside the controller itself not the operating system. I spent quite a while on a Saitek that kept dropping out only to find a damaged cable on it and on a Thrustmaster with a weird rudder problem only to find a dodgy potentiometer on that.
Hope this makes sense to everyone and saves you a lot of grief trying to find the cause of your problems.