Ex-CEOs Ryan Brant, Kelly Sumner and CFOs Larry Muller, James David now need to defend themselves against claims of securities fraud.
The lot are accused of backdating stock options whilst at Take-Two, leaving shareholders very unhappy indeed. Judge Laura Taylor Swain also green lit misrepresentation accusations against Brant and Sumner.
Brant is already in probation for a 2007 guilty plea to falsifying business records. Aren’t videogame related court case suits just so… spicy? Hey, we need to help promote our industry in all ways - which includes making our lawsuits the sexiest there is!
Source: Edge
