Tuesday, March 13, 2007

Take-Two Takeover and Litigation Update

Take-Two finds itself in deep trouble again. This time shareholders are organizing their power to oust the CEO, Paul Eibeler, and review the CFO's employment status. This shake-up comes in the midst of backdating options scandals. Some believe that T2 may have used the 9/11 confusion to try and back date options, hoping they would not get caught. Seems real low to me.

Take-Two just cannot stay out the headlines

9/11 Twist on Options Scandal

In other Take-Two news, their litigation involving the "Hot Coffee" Mod has been stayed so that settlement talks may proceed.

Hot Coffee Mod made this game Hot, Hot, Hot

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