Take-Two Interactive Software Inc. announced yesterday it had been served grand jury subpoenas requesting documents related to the now infamous "Hot Coffee" mod for "Grand Theft Auto: San Andreas"
The mod, which Take-Two slipped past the video game ratings board (the ESRB), contained sexual content beyond the scope of the "M" rating the ESRB had given the game. Initially Take-Two lied about its involvement, suggesting the mod had been written by a gamer and spread via a "GTA" modding site. However, when the mod was found in the coding of the PS2 version, Take-Two had to fess up and admit the mod was installed on manufactured "GTA: San Andreas" discs. This forced the ESRB to give the game an "AO" (adults only) rating until new games were distributed sans the mod. It also provided legislators with the ammunition they needed to speak out and vote against the video game industry and the ESRB.
Now, almost a year after the mod was discovered, New York County's district attorney wants to know who knew what and how the company profited from the deceit.
As a side note, since Take-Two's announcement shares of the company's stock have fallen from $12.87 to $10.16 and the equity research arm of Citigroup dropped its price target on the stock to $9 from $12.
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