More Legal Difficulties For Take Two
Take Two has been having a hell of a time recently. After brining in new management this year to recover from five quarters of losses, in February CEO Ryan Brant plead guilty to falsifying financial statements and fiddling with stock options. Their troubles get a little deeper. Now two more employees stepping up to report some illegal activities of their own.
The New York Times reported that on Thursday, former accounting officer, Patti P. Tay, pleaded guilty to falsifying entries in 2001 and 2002 in a report of stock option grants. Also, former head lawyer, Kenneth I. Selterman, plead guilty to providing false information in a letter to regulators regarding stock options.
Two Take Two Execs Plead Guilty [1up]
Toots
Posted to Video Games on 23 July 2007
