Cheats-Area.com

Today a rumor spread that an Activision shareholder has filed suit against the publisher in Los Angeles Superior Court over its own stock option grants.

This happened because last week, Take-Two Interactive notified their shareholders that the Securities and Exchange Commission was doing an informal investigation into the company regarding some stock option grants it made in the past decade.

The lawsuit was brought on behalf of the company by shareholder Ryan Vazquez who is accusing 16 of the current and former Activision senior executives. They changed their stock option to grant their own benefit, on the company's detriment.

Vazquez said the executives' actions damaged the company with millions of dollars. Now he is demanding the defendants pay for damages and legal costs, to give up stocks and money gained from the contested options, and provide "equitable relief" for violating their duties to shareholders.

The Activision representatives did not make any coment for the press.