Tue, Sep 01, 2009 | 23:36 BST
Take-Two reaches $20 million Hot Coffee settlement
Take-Two’s reached a $20 million settlement in the Hot Coffee case, the company said today.
$15,200,000 will be paid by the company’s insurancers, and $4,915,000 will be paid by Take-Two itself.
Win for the prudes. PR after the break.
Take-Two Interactive Software, Inc. Announces Settlement of Securities Class Action
New York, NY – September 1, 2009 – Under the proposed settlement, the class action will be dismissed in exchange for an aggregate payment of $20,115,000 into a settlement fund for the benefit of class members, of which $15,200,000 will be paid by the Company’s insurance carriers, and $4,915,000 will be paid by the Company. Take-Two fully accrued for its portion of the settlement costs over several quarters ended April 30, 2009. The Company also agreed to supplement the substantial changes that it has already implemented in its corporate governance policies and practices. The settlement is subject to the completion of final documentation and preliminary and final approval by the Court.
“We are pleased to have reached this settlement, which represents another important step forward for the Company,” said Strauss Zelnick, Chairman of Take-Two.
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Posted in: Action, Hot, Legalities, PS2, Rockstar, Take-Two
Tags: grand theft auto, Grand Theft Auto: San Andreas, hot coffee
6 comments
#1
ecu
02/09/09, 12:34 am
And so ends one of the most ridiculous saga’s of all time?
#2
Freek
02/09/09, 7:38 am
Pathetic.
#3
Phoenixblight
02/09/09, 7:50 am
THat’ll happen when hell freezes over. What it did teach them though don’t put in the game that can be damaging like that.
20 million is chump change compared to what the company has made off the series.
#4
The_Deleted
02/09/09, 7:59 am
Why were they being sued? And by whom? And what the fuck has game content got to do with anyone but R* and T2?
#5
Phoenixblight
02/09/09, 9:20 am
Look up Hot coffee GTA.
#6
Freek
02/09/09, 10:07 am
There was some gamecode left over in the game from a scrapped sex mini game.
Modders uncovered the code and made a download that included new character models to re-activate the game and included nudity into the scenes.
It was basic, it was stupid, it was ugly.
But some people apparently got upset about something they themselves had installed and decided to sue Take Two, the publisher of GTA.
Because you can’t have sexual content in an M rated game.