Agoura Hills, Calif. - Video game publisher THQ said on Tuesday that an internal investigation found no evidence of fraud in its stock options granting practices.

Hundreds of companies have either launched internal probes, or are under investigation by federal authorities, on suspicion that they "backdated" stock options grants in order to increase their value for employees.

While the THQ probe, conducted by a committee appointed by its board, and the law firm of Latham & Watkins LLP, found no wrongdoing with regard to stock options, the company will take an $11 million charge related to "incorrect measurement dates" and restate earnings for the fiscal years 2002-2006.

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http://biz.yahoo.com/ap/070109/thq_options.html?.v=1 (AP)
http://www.thq.com