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Summary:

Take-Two, the super-duper publisher behind the Grand Theft Auto Series, has been having a few stock problems lately. Namely, ex-CEO Ryan Brant took part in “stock-related shenanigans” that has caused the company tons of misery. However, after today, the controversy behind Take-Two’s stock options is now […]

Take-Two, the super-duper publisher behind the Grand Theft Auto Series, has been having a few stock problems lately. Namely, ex-CEO Ryan Brant took part in “stock-related shenanigans” that has caused the company tons of misery. However, after today, the controversy behind Take-Two’s stock options is now one step closer to a resolution.

According to Reuters, earlier today, Ryan Brant entered a guilty plea for two stock option related cases and will pay a $7.3 million settlement. Though Brant hasn’t actually admitted to wrongdoing, or denied it, he has agreed to not hold control management positions in public companies. Brant apologized for his actions in a statement: “I am deeply sorry for my role in the inappropriate manner Take-Two granted incentive stock options. I accept responsibility for my actions, and apologize to the company’s shareholders.”

By Jason McMaster

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