SEC Launches Take-Two Investigation

crecente writes "Take-Two, already the subject of a Grand Jury inquiry, is now being 'informally investigated' by the Securities and Exchange Commission. This latest investigation looks at stock option grants made by the company from Jan. 1997 to the present. Just how many investigations can a publically traded company handle before their stock turns to worthless paste?"

Comments

The EFF May Want to Get Involved

[ewhac]

This is a maliciously motivated, willful misunderstanding of how software development is performed. The "offensive" data was disconnected from the main game, but not fully removed. The reason it wasn't removed is because, when you're that close to a drop-dead ship date, you don't suddenly start yanking out huge wads of data and code because that will invalidate all your testing to date, and you'll have to re-test the entire damned game, which you don't have time for. So they did the next best thing -- they severed all the connections to it. In the annals of software engineering, this is considered, "good enough." And it's more than good enough for the likes of these pencil-pushing bureaucrats.

This is government harassment, pure and simple.

Schwab