Maker of Popular Game “Grand Theft Auto” Finds Evidence of Backdating…

Take-two Interactive Software, Inc., publisher of smash hit PC video game Grand Theft Auto, said in an SEC filing that its has uncovered a “pattern and practice of backdating options” during the tenure of its former chairman and chief executive officer Ryan Bryant. This disclosure apparently was expected, as the company anticipates restating earnings going all the way back to 1997 in connection with these irregularities.

For more on this latest backdating disclosure see the story on examiner.com. See also the outcome of the SEC action and parallel NY State plea agreement.

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