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Take-Two Faces De-listing from NASDAQ

More corporate problems for Take-Two Interactive?

According to financial site TheStreet.com, the publisher of GTA and Bully has been notified by NASDAQ that it is not in compliance with filing requirements.

This was not unexpected, according to the game publisher, due to an ongoing internal review of employee stock options. The investigation delayed filing of third quarter paperwork. Take-Two says it plans to request a hearing with NASDAQ to review the situation and will file the paperwork at issue as soon as practical.

Take-Two is among several high-profile firms, including Apple, Dell and Novell to have received such notices from NASDAQ.

Tags: nasdaq, sec, stock options, take-two
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