Take-Two sued by shareholder
April 17th, 2008 @ 19:16
Kotaku reports that a Take-Two shareholder is suing the company after it rejected a bid from EA last month.
The claimant, Patrick Solomon feels that Take-Two’s execs are just holding out for money. So cynical.
The lawsuit is centred around the February 15 decision to increase ZelnickMedia’s management fees and bonuses to $16.5 million, from $3.8 million, in the event the company were sold.
By Mike Bowden
Posted in: Legalities, Take-Two, Trade
Tags: buyout, takeover
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April 18th, 2008 at 12:19 am
So they planned this all along? Those bastards!