Take-Two settles Hot Coffee class action
Pours $20 million's worth of cold water.
Take-Two and its insurance carriers have agreed to fork over more than $20 million to settle a class action suit covering historical stock option issues and, of course, the legendary Hot Coffee timebomb originally stamped into GTA: San Andreas discs.
Under the proposed settlement, Take-Two will pay $4,915,000 and its insurance firms $15,200,000 to satisfy class members, and Take-Two has agreed to extend changes already made in its corporate governance policies and practices.
In a brief statement, Take-Two chairman Strauss Zelnick said the publisher was "pleased to have reached this settlement, which represents another important step forward for the Company".
Hot Coffee was a sex-based mini-game cut out of GTA: San Andreas at some point during its development but left locked away on PC, PS2 and Xbox discs in sufficiently usable form for modders to uncover after the game's release.
It proved rather expensive for Take-Two, which saw its game re-rated by the American ESRB and undertook to replace consumers' AO copies of the game with M-rated ones and pay them $35 in exchange for proof of purchase.
The publisher's Rockstar Games imprint eventually developed a sense of humour about the affair, however, and even included a "Warm Coffee" Achievement/Trophy reward in Grand Theft Auto IV, received when the Niko Bellic successfully dated a girl and found himself invited indoors for a euphemistic beverage.
Although the company has settled the class action, that doesn't mean it agrees with the claims made in the class action itself, which were many. Kotaku's summary of events includes a link to the class action itself if you fancy taking a look. We're pretty over it ourselves.
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Comments (19) Latest comment 2 years ago
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If a THIRD PARTY MOD is required to access a capability - it is THE INDIVIDUAL WHO APPLIES THE MOD who is responsible.
You don't see massive lawsuits against car manufacturers for making cars that OMG CAN GO FASTER THAN THE MAXIMUM SPEED LIMIT IF THE DRIVER CHOOSES TO FLOOR IT - and they don't even require complex tweaks to the engine to do so.... If an Audi driver runs down a child while speeding, do you see every Audi owner suing Audi for making cars that are capable of doing 155mph in a 30-limit zone?
Everyone involved in this action, who recieved part of the settlement, ought to be convicted of extortion.
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Or it would be ridiculous, if it wasn't disgusting. One of the biggest shows self imposed public offense I think I've ever seen. Worse even than the Jonathan Ross nonsense of recent UK history.
To paraphrase Morgan Freeman in Deep Impact "a person can be all those good things, but people are idiots".
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signed
Hypocritical Para$itic Litigiou$ Ba$tard (the third).
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This. Some moral standards are incredibly imbalanced.
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I think I just invented a word , I'm not sure I spelled it right . the long one that starts with an ' i '
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Welcome to America.
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I'm moving to a tiny island somewhere away from all this nonsense.
Seeya.
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Whats more interesting is the lies and insider trading as mentioned by Kotaku. Wtf were they thinking?
"The suit outlines how the value of Take-Two's stock first rose significantly with the release of the game and then began to plummet as the allegations and suits came to light. The suit connects the two, alleging that the company lied during financial statements to try and cover themselves and later key executives profited from inside information while selling company stock."
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