Legal Opinion
Eli Wilamowsky v. Take-two Interactive Software, Inc.
District Court, S.D. New York
Decided September 30, 2011No. 10 Civ. 7471 (RJS)PublishedCited by 13 opinions
1Opinion of the Court
OPINION AND ORDER
RICHARD J. SULLIVAN, District Judge.
On October 18, 2010, the Court approved the settlement of a securities fraud class action against Take-Two Interactive Software, Inc. (“Take-Two” or the “Company”), its subsidiary, and several individual defendants arising from Take-Two’s inclusion of sexually explicit content in a video game and the backdating of stock options granted to its directors and senior management. Plaintiff Eli Wilamowsky is a short seller of Take-Two stock who opted out of that settlement and brought this individual action because the plan of allocation excluded…
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