Summary
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on October 25, 2006, reporting a significant legal development. On September 23, 2006, representatives of three estates filed a lawsuit in New Mexico against the company and its subsidiary Rockstar Games, along with Sony entities and an individual named Cody Posey. The lawsuit alleges that the company's video game, Grand Theft Auto: Vice City, led to "copycat violence" resulting in the deaths of Delbert and Tryone Posey and Marilea Schmid. The plaintiffs' claims include violations of New Mexico's product liability statute, negligence, civil conspiracy, and the tort of outrage. They are seeking unspecified compensatory, special, and punitive damages.
Key Highlights
- 1Lawsuit filed against Take-Two Interactive and Rockstar Games on September 23, 2006.
- 2The lawsuit originates from the Second Judicial District Court of Bernalillo County, New Mexico.
- 3Plaintiffs represent the Estates of Delbert Posey and Tryone Posey, and Marilea Schmid.
- 4The core allegation is that the video game Grand Theft Auto: Vice City caused 'copycat violence' leading to the deaths of three individuals.
- 5Legal claims include violations of product liability statutes, negligence, civil conspiracy, and the tort of outrage.
- 6Unspecified compensatory, special, and punitive damages are being sought by the plaintiffs.
- 7Sony Corporation of America and Sony Computer Entertainment America, Inc. are also named as defendants.