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Take-Two Bids To Boot Shareholder Claims

Law360 (June 26, 2007, 12:00 AM EDT) -- Take-Two Interactive Software Inc. wants a federal judge to toss shareholders' securities fraud claims stemming from the software publisher's accounting for stock options grants and its alleged failure to disclose information about pornographic material hidden inside its video game “Grand Theft Auto: San Andreas.”

The game maker said in court documents filed Monday that the shareholders' consolidated second amended complaint should be dismissed because the plaintiffs have failed to allege any viable securities fraud claim.

Shareholders sued Take-Two in the wake of a massive stock options...
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