Thursday, April 5, 2007

Take-Two says SEC launches formal options probe

(Reuters) - Take-Two has said a review of its past options grants uncovered a significant number that were backdated during a period of more than six years to August 2003.

In February, former Take-Two Chief Executive Ryan Brant pleaded guilty to criminal charges over backdating options, becoming the first ex-CEO to do so in recent probes into options irregularities at dozens of U.S. companies.


Read more at Reuters.com Business News

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