Video Game Law Blog

July 26, 2006

We reported earlier this month that Take Two Interactive had settled the FTC complaints regarding GTA San Andreas. However, this step forward was recently offset by a lawsuit filed by Take Two shareholder Richard Lasky in the US District Court of New York. Lasky claims breaches of fiduciary duty with respect to executives' sales of stocks.

This lawsuit follows the grand jury subpoenas from the New York County district attorney, a lawsuit brought by the families of slain police officers, a lawsuit by the LA. city attorney, lawsuits in other jurisdictions including Delaware, North Carolina and Connecticut, and investigations from US security regulators. 
Coverage here  http://www.shorl.com/fedrevukydyne  (Reuters)