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Milberg Weiss Bershad & Schulman vs Take Two Class Action

 

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ruby
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Feb 21, 2006, 5:58 AM

Post #1 of 1 (1085 views)
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Milberg Weiss Bershad & Schulman vs Take Two Class Action Can't Post

The law firm of Milberg Weiss Bershad & Schulman LLP has filed a class action lawsuit on behalf of all persons who purchased or otherwise acquired the securities of Take-Two Interactive Software between October 25, 2004 and January 27, 2006, inclusive, seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").

If you purchased the securities of Take-Two between October 25, 2004 and January 27, 2006, inclusive, and sustained damages, you may, no later than April 3, 2006 request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss Bershad & Schulman LLP, or other counsel of your choice, to serve as your counsel in this action.

The action, Civil Action number 06-CV-1131, is pending in the United States District Court for the Southern District of New York against defendants Take-Two, Paul Eibeler (CEO), Karl H. Winters (CFO), and Gary Lewis (former COO). According to the complaint, defendants violated sections 10(b) and 20(a) of the Exchange Act, and Rule 10b-5, by issuing a series of material misrepresentations to the market during the Class Period.

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