Hot Coffee Finally History? Take-Two Pays $20 Million To Investors
from the hot-coffee-is-now-cold dept
But that wasn't the only lawsuit. Another lawsuit involved shareholders, who claimed that the company was trying to mislead shareholders about Hot Coffee. A judge dismissed that claim, but apparently the shareholders kept suing, and the new management at Take-Two decided it would be best to just settle the lawsuit, fork over $20 million (much of it paid for by insurance) and just be done with the whole thing. In some ways, this is really too bad. It's difficult to see how having an easter egg in a bit of software could possibly be seen as being misleading to shareholders, and this settlement will only encourage other similar lawsuits.