Take-Two sued by shareholder

By Patrick Garratt, Thursday, 17 April 2008 19:16 GMT

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

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