Jump to content
Sign in to follow this  

'Grand Theft' maker settles with SEC

Recommended Posts

In my search for GTA News I found this very interesting article on CNN Money. Aparently Take 2 Interactive(pubishers of GTA) has payed the SEC $7.5 million to stop the investigation into their "accounting practices". Take 2 did not admit or deny that they did anything wrong.

"We have cooperated fully and are pleased to have resolved Take-Two's outstanding issues with the SEC," Paul Eibeler, Take-Two's president and CEO, said in a statement.

"The comprehensive company-wide changes we have instituted in recent years, including implementing a series of internal controls and procedures designed to ensure that our financial reporting processes meet the highest standard of integrity and professionalism, and making key additions to our senior executive team and Board of Directors, have made our company much stronger."

"We remain focused on delivering shareholder value through our leadership in the global interactive entertainment software market," he added.

Source: CNN Money

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this