Take-Two's portion of the settlement costs, the company says, has already been accrued over several quarters ending April 30 2009. Take-Two has also agreed to extend changes already made in its corporate governance policies and practices. Under the proposed settle, the class action covering historical stock option issues and the Hot Coffee issue will be dismissed in exchange for a payment of USD 4,915,000 from Take-Two, and USD 15,200,000 from its insurance carriers. Take-Two and its insurance carriers have agreed to pay more than USD 20 million to settle a class action suit over the legendary Hot Coffee content found on Grand Theft Auto: San Andreas discs.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |