'Grand Theft' maker finds major options backdating

Take-Two Interactive Software said Monday that an internal review of stock option grants found a significant number of grants backdated between April 1997 and August 2003.

In a regulatory filing, the publisher of the best-selling Grand Theft Auto video game franchise said former Chief Executive Ryan Brant was responsible for backdating the options during the period.

Take-Two added that there was no evidence the current senior executive management engaged in any conduct that raised concerns about the reliability of their representation to the company's auditors.

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