Securities and Exchange Commission finds no evidence of fraud or misconduct
The investigation into THQ’s stock option grant practices will not result in criminal or civil action, according to the company.
The Securities and Exchange Commission requested documents and information from THQ, relating to stock option grant practices between January 1st 1996 to 2006. The publisher was already in the process of an internal review, but promised to cooperate with the SEC’s investigation.
In January THQ said the investigation found no evidence of fraud of misconduct, but would restate some financial results to address some accounting issues.
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