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InvestigationsGame Publisher Take-Two Says SEC Investigating Stock Option GrantsAuthored by Mark Hefflinger on April 5, 2007 - 12:10pm.
New York - Video game publisher Take-Two, creators of the "Grand Theft Auto" franchise, is now the subject of a formal investigation by the Securities and Exchange Commission (SEC) into its stock options granting practices, the company said in a regulatory filing. Youths Who Created MySpace User Tracker Cop Plea, Avoid PrisonAuthored by Mark Hefflinger on February 26, 2007 - 3:44pm.
Los Angeles - Two young men who developed software that can cull the e-mail and IP addresses of MySpace users and allegedly tried to extort $150,000 from the company have pleaded no contest to charges of illegal computer access, the Associated Press reported on Monday. Former Take-Two CEO Pleads Guilty to "Backdating" Stock OptionsAuthored by Mark Hefflinger on February 14, 2007 - 2:03pm.
New York - The founder and former CEO of video game publisher Take-Two Interactive on Wednesday became the first ex-CEO in the country to plead guilty to "backdating" stock options to make them more valuable to himself and company employees. China Piracy Crackdown Results in Closure of 205 WebsitesAuthored by Mark Hefflinger on February 8, 2007 - 9:00am.
Beijing - Chinese officials have shuttered 205 websites in a crackdown on Internet piracy that came partly at the behest of U.S. entertainment interests, Reuters reported. Jury Continues Deliberations in Trial of Former AOL ExecutivesAuthored by Mark Hefflinger on February 2, 2007 - 11:31am.
Alexandria, Va. - A jury in Alexandria, Va. on Friday entered its second day of deliberations in the fraud trial of two former executives of AOL, The Washington Post reported. WSJ: U.S. Investigating Apple CEO's Stock Options GrantAuthored by Mark Hefflinger on January 12, 2007 - 1:03pm.
Boston - Federal authorities have launched an investigation into a stock option grant made to Apple CEO Steve Jobs, The Wall Street Journal reported on Friday, citing "sources familiar with the probe." Private Investigator Pleads Guilty in Hewlett-Packard Spying ProbeAuthored by Mark Hefflinger on January 12, 2007 - 11:25am.
San Jose, Calif. - A private investigator involved in the Hewlett-Packard boardroom spying scandal on Friday pleaded guilty to identity theft and conspiracy charges, the Associated Press reported. THQ Probe Finds No Stock Options FraudAuthored by Mark Hefflinger on January 9, 2007 - 9:19am.
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. Game Publisher Take-Two Facing SEC Probe Into Stock Option GrantsAuthored by Mark Hefflinger on July 10, 2006 - 1:30pm.
New York - Video game publisher Take-Two Interactive on Monday became the latest firm to come under investigation by the SEC over its granting of employee stock options.
Apple Investigating "Irregularities" with Stock Option GrantsAuthored by Mark Hefflinger on June 29, 2006 - 1:09pm.
Cupertino, Calif. - Joining a fast-growing list of technology companies, Apple said on Thursday that it is investigating irregularities resulting from the issuance of stock option grants.
Apple Investigating Chinese iPod Plants After "Sweatshop" ReportAuthored by Mark Hefflinger on June 15, 2006 - 1:57pm.
London - Apple Computer has launched an internal investigation into the working conditions at the Chinese plants where its iPods are manufactured, after an article in the U.K. newspaper Mail on Sunday reported that workers there toil 15-hour days for $50 a month in wages.
tags: Law | iPod | Apple | CE | China | Asia | Investigations | Labor | Manufacturing | Sweatshops | Foxconn | EICC |
SEC Launches Probe into CNET's Stock Option GrantsAuthored by Mark Hefflinger on May 24, 2006 - 7:25pm.
San Francisco - CNET Networks, the San Francisco-based technology media company, said on Wednesday that the Securities and Exchange Commission (SEC) has launched an informal probe into its stock option grants.
tags: Internet | Law | Online Publishing | Investing | CNET | Investigations | SEC | Stock Options |
FTC Launches Probe into Marketing Practices of XM Satellite RadioAuthored by dmw on April 27, 2006 - 7:42am.
Washington - Shares of XM Satellite Radio fell 5.5% on Thursday after the company released first quarter results and revealed that the Federal Trade Commission (FTC) has launched an investigation into its marketing practices. The company said that it received a letter on Tuesday stating that the FTC is looking into whether its marketing activities comply with various acts, including the FTC Act, the Telemarketing Sales Rule, the Truth in Lending Act and the CAN-SPAM Act. The letter requested information about such practices as free trial periods, rebates and telemarketing. The company has launched its own internal review. Separately, the Federal Communications Commission (FCC) said that one of the company's satellite radios, the Delphi XM SKYFi2, is not in compliance with federal emission limits. The company said that it's conducting an internal probe into that matter, as well. XM said it ended the quarter with 6.5 million subscribers, up 72% from the 3.8 million it reported in the same period a year ago, and still expects to count 9 million subscribers by the end of the year.
tags: Launches | Marketing | Law | Radio | Satellite Radio | XM Radio | Investing | FTC | Investigations |
Judge Orders Labels to Resubmit Documents in Napster Investor CaseAuthored by dmw on April 25, 2006 - 7:55pm.
Los Angeles - Major record labels Universal Music Group and EMI Group have been ordered to turn over "privileged documents" to a federal judge, who said there was reasonable cause to believe earlier redacted versions submitted to a Justice Dept. probe into digital music price fixing were "deliberately misleading," Reuters reported. The labels initially submitted the documents in 2001, during a Justice Dept. probe into alleged digital music price fixing amongst the labels and their joint ventures Pressplay and MusicNet. That probe ended in 2003, finding no evidence of wrongdoing. However, in a lawsuit the labels later filed against Napster investors, for supporting a copyright infringing business, venture capital firm Hummer Winblad alleged the labels knowingly submitted false or misleading documents. U.S. District Court Judge Marilyn Hall Patel on Friday ordered Universal Music Group and EMI Group to provide unedited versions of the documents in question within 30 days.
Report: EU Launches Investigation Into iTunes PricingAuthored by Mark Hefflinger on February 25, 2005 - 4:10am.
Brussels -- The European Commission has launched an investigation into Apple Computer for charging more for iTunes music downloads in the U.K. than in France or Germany, Reuters reported. "There is indeed an investigation on our own initiative," an unnamed Commission spokesman told Reuters. "We have made informal requests to Apple just to gather information." Reuters said the probe, which comes in response to a complaint filed with the U.K. Office of Fair Trading by consumer association Which?, was still in its early stages. Which? complained that consumers in the U.K. who must pay $1.51 per download are prohibited from using websites in France and Germany, where downloads cost just $1.31. Apple charges $0.99 for songs in the U.S., and $0.80 per song in Canada. "We look forward to the Commission taking action to ensure that the market for digital music is a single European market and serves all of Europe's consumers equally," Which?'s Phil Evans told Reuters.
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