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|Take-Two Interactive Software, Inc. Announces Settlement of Securities Class Action|
Under the proposed settlement, the class action will be dismissed in
exchange for an aggregate payment of
“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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Cautionary Note Regarding Forward-Looking Statements
The statements contained herein which are not historical facts are
considered forward-looking statements under federal securities laws and
may be identified by words such as "anticipates," "believes,"
"estimates," "expects," "intends," "plans," "potential," "predicts,"
"projects," "seeks," "will," or words of similar meaning and include,
but are not limited to, statements regarding the outlook for the
Company's future business and financial performance. Such
forward-looking statements are based on the current beliefs of our
management as well as assumptions made by and information currently
available to them, which are subject to inherent uncertainties, risks
and changes in circumstances that are difficult to predict. Actual
outcomes and results may vary materially from these forward-looking
statements based on a variety of risks and uncertainties including: our
dependence on key management and product development personnel, our
dependence on our Grand Theft Auto products and our ability to develop
other hit titles for current generation platforms, the timely release
and significant market acceptance of our games, the ability to maintain
acceptable pricing levels on our games, our reliance on a primary
distribution service provider for a significant portion of our products,
our ability to raise capital if needed, risks associated with
international operations, and the matters relating to the investigation
by a special committee of our board of directors of the Company's stock
option grants and the claims and proceedings relating thereto (including
stockholder and derivative litigation and negative tax or other
implications for the Company resulting from any accounting adjustments
or other factors). Other important factors and information are contained
in the Company's Annual Report on Form 10-K for the fiscal year ended
Take-Two Interactive Software, Inc.