$20M Settlement OK'd For Take-Two In 'GTA' Porn Suit

Law360, New York (June 30, 2010, 12:14 PM EDT) -- A federal court has given a preliminary green light to a $20.1 million settlement between gaming company Take-Two Interactive Software Inc. and a class of investors accusing it of backdating stock options and including secret porn scenes in its blockbuster video game "Grand Theft Auto: San Andreas."

The settlement, initially forged in September, earned the blessing of Judge Richard J. Sullivan of the U.S. District Court for the Southern District of New York, who rendered an order Tuesday deeming the settlement a fair product of arm's-length...
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