Take-Two Under Formal SEC Investigation

Vikingod · Apr 5, 2007, 02:46 PM

Source: Gamasutra
___________
A U.S. Securities and Exchange Commission (SEC) filing from Rockstar Games owner Take-Two Interactive has revealed that the company is now under formal investigation by the commission after concerns over stock options grant practices.

The company was the subject of an informal, non-public, investigation into allegations of back-dating stock option grants last year, while a separate internal investigation by Take-Two also found evidence of improprieties.

Apr 5, 2007, 02:46 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Take-Two Under Formal SEC Investigation Source: Gamasutra ___________ A U.S. Securities and Exchange Commission (SEC) filing from Rockstar Games owner Take-Two Interactive has revealed that the company is now under formal investigation by the commission after concerns over stock options grant practices. The company was the subject of an informal, non-public, investigation into allegations of back-dating stock option grants last year, while a separate internal investigation by Take-Two also found evidence of improprieties.