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    Take-Two Subpoenaed Over Hot Coffee

    Just when you thought Hot Coffee had grown cold along comes a grand jury subpoena.

    Take-Two Interactive just sent word that last week they received grand jury subpoenas from the District Attorney of the County of New York requesting production of documents surrounding the company's knowledge of the hidden sex scenes in Grand Theft Auto: San Andreas.

    From the release:

    Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that on June 19, 2006, the Company received grand jury subpoenas issued by the District Attorney of the County of New York requesting production of documents, covering various periods beginning on October 1, 2001, including those relating to: the knowledge of the Company's officers and directors regarding the creation, inclusion and programming of hidden scenes (commonly referred to as "hot coffee") in Grand Theft Auto: San Andreas, the submission of Grand Theft Auto: San Andreas to the Entertainment Software Rating Board for a rating, and the Company's disclosures regarding hot coffee; disclosures and presentations by the Company of certain events, including acquisitions, partnering arrangements and earnings results; invoices from, payments to, and termination of PricewaterhouseCoopers LLP and retention of Ernst & Young LLP; acquisitions by the Company in 2005; certain compensation and human resources documents with respect to the Company and certain of its current and former officers and directors; and documents concerning the activities of the Company's Board of Directors and Committees thereof.

    The Company has not been advised that it or any specific individual is presently a target of the investigation.

    The Company is fully cooperating and providing the requested documents.

    Update: I just spoke with Take-Two spokesman Jim Ankner who really couldn't shed any more light on the subpoenas. Since it is a grand jury investigation, it is likely that anyone called before them will not be allowed to discuss the case. So far, Ankner says, no people have ben subpoenaed, just documents. It is the Manhattan DA who is handling the investigation. (Well, technically, there grand jury, but you know what I mean.)


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