Take-Two Takes It Up The…
Some times you just have to feel sorry for massive corporations. Sure, they wrench our hard-earned money from our clenched fingers with their addictive, over-priced wares, but they’re people too! Or at least their employees are.
No company, save for maybe the creators of the doomed Gizmondo, has faced so horrific a sting of misfortune than Take2 Interactive, the publisher of the Grand Theft Auto series for Rockstar Games. It was not enough to merely find themselves at the centre of the ‘Hot Coffee’ scandal (the biggest PR blunder of 2005), face the righteous rath of Jack Thompson (who now owns stock in the company…hilarious considering the news to follow), and suffered the embarrassment of having your CEO, Paul Eibler, named the Worst CEO of 2005, no Take2 has truely outdone themselves this time.
It looks as though Wacko Jacko II (in deference to the King of Pop, who still holds the top spot) will get his opportunity to sue the pants off Take2, albeit not for the explicit sexual material he so hated. Instead, now a shareholder, he is eligible to take part in a class action suit filed by the law firms Milberg Weiss and Stull, Stull & Brody. Reveals 1UP:
The law firms allege that no only did Take-Two attempt to defraud consumers over the content of the game, it also bilked millions from its shareholders by insider trading, selling 661,000 shares for about $18 million.
Oh ho ho…ouch.
