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