Hot Coffee Cools - FTC & Take-Two Settle

Take 2 Interactive Software, Inc. Announces Final Resolution of the Federal Trade Commission Inquiry (thanks Frans) has word that all outstanding matters are settled between Rockstar, Take-Two, and the U.S. Federal Trade Commission over the Hot Coffee scandal (story), with no penalties or fines:
New York, NY – July 21, 2006 – Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced today that following the 30-day period for public comment, the Federal Trade Commission (FTC) has unanimously approved the Consent Order and Agreement with Take-Two and its wholly-owned publishing label Rockstar Games. All outstanding matters pending before the FTC have been settled and no penalties or fines have been assessed. Among other things, the Consent Order provides that the Company shall not misrepresent a video game's ratings or content descriptors and that the Company shall implement a system to ensure that all game content is reviewed in connection with submissions to ratings authorities.

Paul Eibeler, President and Chief Executive Officer, stated, "We are extremely pleased that the FTC has concluded its very thorough investigation, and that the matter has been resolved. We recognize the importance of maintaining public confidence in the Entertainment Software Rating Board (ESRB) rating system and helping the ESRB educate parents and consumers about the rating system. We look forward to putting this behind us and focusing on what we do best - creating video games."
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Re: No subject
Jul 21, 2006, 13:33
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Re: No subject Jul 21, 2006, 13:33
Jul 21, 2006, 13:33
 
Eat that Jack Thompson you stupid *&%&
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