StockNews.AI

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Take-Two Interactive Software, Inc. - TTWO

StockNews.AI • 260 days

ATVIEAZNGA
High Materiality8/10

Information

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of invest...

Original source

AI Summary

Pomerantz LLP is investigating potential securities fraud by Take-Two executives. Take-Two's GTA VI release date moved to May 2026, delaying anticipated revenue. Stock price dropped 6.66% to $219.50 following the release date announcement. Investors encouraged to join class action against Take-Two for fraud claims.

Sentiment Rationale

The delay of Grand Theft Auto VI contributes to negative investor sentiment, similar to past instances where delays negatively influenced stock price, such as Cyberpunk 2077. Investor confidence may further wane due to potential legal actions.

Trading Thesis

The immediate pressure from the investigations and stock drop creates short-term impact, which could persist until further information releases or earnings reports clarify the situation.

Market-Moving

  • Pomerantz LLP is investigating potential securities fraud by Take-Two executives.
  • Take-Two's GTA VI release date moved to May 2026, delaying anticipated revenue.
  • Stock price dropped 6.66% to $219.50 following the release date announcement.

Key Facts

  • Pomerantz LLP is investigating potential securities fraud by Take-Two executives.
  • Take-Two's GTA VI release date moved to May 2026, delaying anticipated revenue.
  • Stock price dropped 6.66% to $219.50 following the release date announcement.
  • Investors encouraged to join class action against Take-Two for fraud claims.

Companies Mentioned

  • ATVI (ATVI)
  • EA (EA)
  • ZNGA (ZNGA)

Corporate Developments

The investigation and the delay of a flagship title are crucial events that could significantly impact Take-Two's market position and investor confidence.

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Take-Two Interactive Software, Inc. (“Take-Two” or the “Company”) (NASDAQ: TTWO).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Take-Two and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On May 2, 2025, Take-Two’s video-game studio Rockstar Games (“Rockstar”) announced that its highly anticipated video game Grand Theft Auto VI “is now set to release on May 26, 2026.”  Rockstar had previously projected a release date in the fall of 2025.  On this news, Take-Two’s stock price fell $15.67 per share, or 6.66%, to close at $219.50 per share on May 2, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes.    CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

Related News