Take-Two could face criminal indictment, says analyst

Wedbush Morgan analyst Michael Pachter is advising caution on investment in Take-Two interactive, hinting that the recently issued grand jury subpoenas could signal criminal indictments for the publisher.

"We note that grand jury subpoenas are founded in criminal investigations," Pachter stated.

"As such, we believe that it is likely that one or more Take-Two employees may be subject to a potential criminal indictment."

Read Full Story >>