The FTC has recently issued Take-Two a subpoena and civil investigative demand (CID) requesting more info in connection with EA's hostile bid for the company. Take-Two has yet to comply with these new requests.
In an explanation sent to a Washington D.C. U.S. District Court, Take-Two called the subpoena and CID "unnecessarily broad". Take-Two also said that although it will comply with the FTC's prior requests, it would fight against these new ones which would "entail unacceptable additional expense to the Company."
A hearing has been assigned by the D.C. Court for June 24. There, a judge will have to decide if Take-Two is indeed required to comply with the FTC's requests. Take-Two has stated that if they can't come to a settlement with the FTC, they intend to oppose the FTC's petition.
