litigation
confidence high
sentiment neutral
materiality 0.15
Shareholder lawsuit over Zynga merger resolved; Take-Two pays $130K in fees
TAKE TWO INTERACTIVE SOFTWARE INC
- Stockholder class action alleged omitted material info in S-4 for Zynga merger.
- Take-Two issued supplemental disclosures on May 5, 2022, mooting allegations.
- Court dismissed action as moot on May 10, 2022, retaining jurisdiction for fees.
- Take-Two agreed to pay $130,000 in attorneys' fees and expenses to plaintiff's counsel.
- Court closed case on August 11, 2022, subject to filing of this notice.