Former Take Two CEO Backdated Options

Law360, New York (January 22, 2007, 12:00 AM EST) -- Software publisher Take Two Interactive Software Inc. has revealed that its founder and former chief executive Ryan Brant was largely responsible for the improper stock options backdating that has forced the company to restate a decade’s worth of financial results.

The beleaguered game maker – most widely known for its controversial “Grand Theft Auto” series – said in a filing with the U.S. Securities and Exchange Commission on Jan. 17 that an internal investigation found that Brant backdated a “significant number of option grants” between April...
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