The controversy raging over Bully is far from the only worry for Take-Two Interactive these days.

As reported by the New York Times and other news outlets, the beleaguered game publisher revealed late yesterday that it had received additional grand jury subpoenas from the office of Manhattan District Attorney Robert Morgenthau. The investigation apparently focuses on the company's financial dealings.
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That whoosh you're hearing is the sound of Take-Two Interactive's stock price (NASDAQ: TTWO) in free fall.

Shares in the Grand Theft Auto publisher closed at 12.87 yesterday following news that a grand jury in New York had subpoenaed corporate records including those relating to last year's Hot Coffee scandal. 12.87 represents Take-Two's lowest stock price since early 2003. In after-hours trading prices dropped even more, to 10.30.

Bad news continues to pile up for T2. As reported by today's New York Post, the firm is in the crosshairs of D.A. Robert Morgenthau not just over Hot Coffee, but for the way it reported what the Post terms "key financial information."

The paper reported that the subpoenas served on T2 were "unusually wide-ranging" and demanded paperwork related to "acquisitions, partnerships and the recent dismissal of its longtime auditor, PricewaterhouseCoopers."
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