Agoura Hills,
Calif. - Video game publisher THQ (NASD: THQI)
announced on Wednesday that it has received word that the SEC has completed its
investigation into the company's stock options granting practices, and will not
recommend any action against the company.
THQ said in August 2006 that the SEC
had requested information related to its stock granting practices, and later
said in January 2007 that its own independent investigation had revealed no evidence
of fraud or misconduct.
Fellow video game publishers Electronic Arts and
Take-Two Interactive have also been investigated by the SEC over "backdating,"
or changing the date on which options were granted in order to make them more
valuable to employees.
While EA was exonerated, Take-Two saw several former
executives plead guilty.
Related Links:
http://biz.yahoo.com/bw/080227/20080227005378.html?.v=1
http://www.thq.com
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