SEC considering charges, civil monetary penalty against Take-Two |
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Take-Two Interactive Software, Inc. has revealed that it has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). This according to Reuters.The Wells notice indicates that charges may be filed against Take-Two by the SEC concerning the stock options debacle that hounded the company in the past. According to Reuters, Take-Two revealed in an SEC filing that the company was informed by SEC staff who planned to get authorization from the Commission to file charges as well as go after a civil monetary penalty.
This is the latest blow against Take-Two. Earlier this month, the company announced that it will be delaying the release of Grand Theft Auto IV (PlayStation 3, Xbox 360). The release date for Manhunt 2 (Wii, PlayStation Portable, PlayStation 2) has also been changed. Take-Two still has one final chance to try and convince the SEC not to file charges.
Via Reuters
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Comments [refresh]
lol, first
sony needs to get off their high horse sure they have greay systems but Sue T2 for Money bah.
BTW 1st
doesnt sounfd too good for the firm
Hey Djinn and anyone else, the SEC is the Securities and Exchange Commission, the 'federal police' of the American Stock Exchange.
Check 'em out:
http://en.wikipedia.org/wiki/United_States_Securities_and_Exchange_Commission
Take Two has been a bad boy. Time for a spankin'...
Sony Computer Entertainment(S CE) isn't suing them you little retard. U.S. Securities and Exchange Commission (SEC) is suing them. See how the E is switched with the C? Try reading the article next time.
mayb take two can give them some of the 50mil M$ gave them
sec i hope u all die and go to hell and burn in the worst amajanable pain,how dare u guys kick take when they are down.you bbaassttrrddz are classless and deplorable.
take+TAKE 2 INTERACTIVE
Djinn is a *****ing idiot who probably still enjoys sucking his mom's tit and his dads....