Assuming that the Facts provided in the SEC Complaint against Take Two Interactive are true, do...

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Assuming that the "Facts" provided in the SEC Complaint against Take Two Interactive are true, do you believe that Take Two's Press Release dated February 12, 2004 adequately conveys the nature and magnitude of the accounting restatement? Why or why not? Compare the SEC's announcement of their settlement with Take Two (found at: http://www.sec.gov/litigation/litreleases/lr19260.htm) with Take Two's June 9, 2005 Press Release describing the same settlement (included on the following pages). Based on these two distinct announcements of the same event, how much faith do you have in future Press Releases of Take Two Interactive? Assuming that the "Facts" provided in the SEC Complaint against Take Two Interactive are true, do you believe that Take Two's Press Release dated February 12, 2004 adequately conveys the nature and magnitude of the accounting restatement? Why or why not? Compare the SEC's announcement of their settlement with Take Two (found at: http://www.sec.gov/litigation/litreleases/lr19260.htm) with Take Two's June 9, 2005 Press Release describing the same settlement (included on the following pages). Based on these two distinct announcements of the same event, how much faith do you have in future Press Releases of Take Two Interactive?

Answer rating: 100% (QA)

The detailed answer for the above question is provided below No I do not believe that Take Twos Pres... View the full answer