Take-Two has agreed to settle for $3 million in a stock-option backdating scheme conducted by the company over a decade ago -- by folks that were punished
and haven't been part of the company
in years. Take-Two announced years ago
that it would pursue the settlement route, accepting the corporate version of pleading "no contest," as the publisher did not admit nor deny the SEC allegations.
In fairness, Take-Two appears to be a very different company under the muscled shadow
of Strauss Zelnick
, compared to the darker days of Paul Eibeler
. Think of this whole incident like the time your uncle got really drunk at Christmas and ... well, you know. Point is: the family
has moved on and tries not to remember that.