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July 22, 2005

Take Two may face further investigations over Grand Theft Auto 'Hot Coffee' Mod


Gaming

US analysts have warned that Take Two may face investigations from the Federal Trade Commission and the Securities and Exchange Commission after the company reduced its Q3 revenue guidance by $40 million in the wake of the San Andreas 'Hot Coffee' scandal.

Commenting in a research note yesterday, Banc of America Securities analyst Gary Cooper said that "regulatory risks remain for Take Two" and described a class action lawsuit over the matter as "inevitable." - Read More







 

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