SEC To Take-Two (TTWO): More Charges Coming

More bad news for Take Two Interactive: The SEC is readying its own charges regarding a stock option back-dating scandal that’s already generated guilty pleas — it sent the company a “Wells Notice” which more or less says just that. The good news for Strauss Zelnick and company: This is the old management team’s problem, not theirs. Blowing Grand Theft Auto IV’s 2007 release, unfortunately, remains their headache. SEC Filing, via Yahoo Finance.

Related: Third Take-Two Exec Pleads Guilty, Dodges Hoosegow
The Limits Of Business Journalism, Take-Two Edition
Take-Two Blows ‘Grand Theft Auto’, Blames Sony And Microsoft

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.