Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Take-Two Interactive Software, Inc.
Current Parent CompanyTake-Two Interactive Software Inc.
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $300,000
Year: 2009
Date: April 1, 2009
Offense Group: financial offenses
Primary Offense: tax violations
Violation Description: Take-Two Interactive agreed to pay $300,000 to the Manhattan District Attorney's Office as part of a settlement of allegations it had falsified business records concerning the issuance of stock options for executives, leading to compensation being fraudulently hidden from taxing authorities. The employees responsible pleaded guilty to criminal charges, the corporation was granted a settlement on the grounds its current management was uninvolved in the violations. The company also paid a $3 million penalty to the SEC; see the Violation Tracker entry at (click here)
Level of Government: local
Action Type: agency action
Agency: Manhattan (NY) District Attorney
Civil or Criminal Case: criminal
Private Lawsuit Resolution Type: settlement
Facility State: New York
Facility County: New York
Facility City: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: entertainment
Specific Industry of Current Parent: interactive entertainment
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.