SEC Fines Former Take Two CEO $6M

Law360, New York (February 15, 2007, 12:00 AM EST) -- The founder and former chief executive of software publisher Take Two Interactive Software Inc. will pay regulators $6 million to settle charges that he carried out an improper stock options backdating scheme that has forced the company to restate a decade’s worth of financial results.

The U.S. Securities and Exchange Commission on Thursday said it had simultaneously filed and settled civil charges against Ryan Ashley Brant, formerly the CEO and chairman of the board of the beleaguered game maker, most widely known for its controversial Grand...
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