A US federal magistrate in Manhattan issued a signed order Tuesday allowing this case to go into settlement. The magistrate has given a March 12th deadline for the details of this settlement to be agreed upon. Obviously since settlement has only just begun, no official numbers have been announced on how much Take-Two can be expected to pay for its follies. In a letter, the lawyer for Take-Two stated that the parties, "agreed to engage in settlement discussions with the hope of amicably resolving this matter."
Source:
Reuters
Written by: Dave Horvath @ 1 Mar 2007 6:58