Take-Two Interactive being sued by shareholder

http://www.gamedaily.com/articles/news/taketwo-sued-over-ea-buyout/?biz=1

Take-Two Sued Over EA Buyout

And, as a bonus story about Take-Two's legal matters, a judge has dismissed notions that Take-Two somehow deceived its investors with the hidden content in GTA: San Andreas.

Posted by David Radd on Thursday, April 17, 2008
Take-Two Sued Over EA Buyout

Today, Take-Two revealed that they are being sued by a shareholder for not selling the company to Electronic Arts. Michael Maulano is accusing Take-Two of being at fault in their fiscal duties by not talking to EA and for engaging in various measures to protect themselves from being bought out. This suit is different from the one that came about in early March.

It is unclear how many other shareholders are involved in this class action lawsuit. Maulano is seeking damages, injunctive relief, and reasonable attorneys' fees. "The Company and its Board of Directors believe these claims lack merit, and intend vigorously to defend against them," said Take-Two in a statement.

In other Take-Two lawsuit news, a judge dismissed claims that Take-Two was dishonest with shareholders over hidden content in Grand Theft Auto: San Andreas. This suit is different from the case over Hot Coffee that was settled last year.

"We continue to believe that the remaining claims are without merit and we will continue to defend against them," said Take-Two.